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#MarketPullback

📊 Current Price and Technical Analysis (May 5, 2025)

Current Price:
Approximately $95,000 (BTC is trading around this level after a recent pullback recovery)

Resistance Levels:

$96,000: Recently tested and broken

$100,000: Psychological barrier and key resistance

Support Levels:

$94,000: Held during the latest pullback

$90,000: Strong support zone near the 50-day moving average

Technical Indicators:

RSI: Around 67, close to overbought territory, but still has upside room

MACD: Showing a bullish crossover

Volume: 24-hour trading volume at $38 billion, indicating strong market interest

🔄 Pullback and Future Outlook

Bitcoin recently experienced a pullback below $94,000, largely due to concerns over a 0.3% contraction in US GDP.

The price quickly recovered, signaling bullish momentum.

If $BTC breaks above $100,000, the next targets could be $107,000 and $113,000.

📈 Investor Advice

Long-term Investors:
Consider buying on pullbacks near $90,000 as long-term support holds.

Short-term Traders:
Be cautious around resistance levels at $96,000 and $100,000; short-term corrections may occur.

Watch Technical Indicators:
RSI, MACD, and trading volume provide vital insights into trend strength and potential reversals.