Bitcoin’s price climbed to $97,850 on May 2, 2025, nearing the much-anticipated $100,000 milestone as investor enthusiasm drives significant gains this year.

Analysts suggest Bitcoin’s continued rise could lead to surpassing $100,000 soon, amid ongoing bullish sentiment and institutional investments bolstering market confidence.

Bitcoin Price Surges 4.7%, Hits $97,850

The cryptocurrency market is witnessing a sharp uptick as Bitcoin approaches the $100,000 mark. The digital currency hit $97,850, showcasing a 4.7% increase amid heightened investor activity.

Investors and institutional players like Brown University invest in BTC, indicating robust confidence. Recent price movements suggest strong momentum as Bitcoin reclaims key exponential moving averages.

Crypto Rover, Analyst, Blockchain News, “Bitcoin is expected to break through the $100,000 barrier within the next few days.” – Blockchain News

Bitcoin’s $105K Prediction Sparks Cautious Optimism

Traders are optimistic yet exercising caution as Bitcoin nears $100,000. While bullish sentiment dominates, technical signals of increased bear strength prevent unchecked optimism.

Analysts predict Bitcoin could surpass $105,000 by month’s end, assuming maintained momentum. Historical data suggests increased investor involvement during such rallies fuels higher price targets.

2021 Bull Run Echoes in Current Bitcoin Rally

In past cycles, Bitcoin’s proximity to major milestones has driven further interest. The recent surge is reminiscent of 2021’s bull run, where mainstream adoption was a critical factor.

Experts at Kanalcoin anticipate continued growth, citing past performance metrics. As technical indicators align, expectations for the digital asset remain positive with historical data supporting ongoing bullish forecasts.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

The post Bitcoin Nears $100K Amid Bullish Market Momentum appeared first on Kanalcoin.

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Filed under: News - @ May 2, 2025 11:26 pm