Bitcoin Surpasses $96,000: Bullish Potential Strengthens Ahead of May 2025

Bitcoin (BTC) has once again delivered an impressive performance by reaching $96,000, signaling significant bullish movement potential as May approaches. This increase reflects growing market optimism, driven by both technical factors and supportive macroeconomic conditions.

Technical Analysis: Breakout from Falling Wedge Pattern

From a technical perspective, Bitcoin has recently broken through the falling wedge pattern that had been in place for the past four months, closing trading above the 200-day moving average. This momentum is further strengthened by the Relative Strength Index (RSI), which is now above 50, indicating potential for further upward movement. The main resistance is around $100,000, while the support level appears to be around $85,000.

Macroeconomic Factors: Impact of U.S. Monetary Policy

U.S. monetary policy also contributes to the growing investor interest in Bitcoin. President Donald Trump's statement about the possibility of reducing import tariffs from China and the assurance that Federal Reserve Chairman Jerome Powell will not be dismissed have boosted market confidence. Additionally, the weakening U.S. dollar further enhances Bitcoin’s appeal as a safe-haven asset.

Price Projections: Between $100,000 and $130,000

Several analysts forecast that Bitcoin's price could reach between $100,000 and $130,000 by May 2025. This projection is based on historical trends, the halving cycle, and increasing institutional adoption. However, the high volatility in the cryptocurrency market remains a factor that investors must carefully consider.

Conclusion: Opportunities and Risks for May 2025

With a combination of supportive technical factors and favorable macroeconomic conditions, Bitcoin has the potential to continue its bullish trend in May 2025. However, investors are advised to remain cautious of possible price corrections and to consider prudent investment strategies.