Bitcoin Price Clears $100K as Bullish Momentum Builds Toward ATH

Highlights:

• Bitcoin breaks key resistance as crypto market cap tops $3.25T
• Technical indicators show continued bullish pressure for BTC
• BTC eyes $105K–$108K, with $100K now acting as support

Bitcoin (BTC) price broke above $100,000 for the first time since February, triggering renewed bullish momentum across the crypto market. The rally followed a statement from U.S. President Donald Trump confirming a new trade agreement with the United Kingdom. 

Market participants also respond to rising expectations of interest rate cuts in upcoming Federal Reserve meetings. Bitcoin’s move led to substantial gains across major altcoins such as Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL), with equities also seeing upside movement. The broader crypto market capitalization reached $3.25 trillion, climbing over 5%. Meanwhile, 24-hour trading volume surged 72.92%, hitting $206.36 billion.

Analyst Predicts Higher Low for Bitcoin as Red Trendline Retest Looms

According to Analysts’ views, the structure of Bitcoin has moved into a bullish pattern, which implies that the market bottom could already be confirmed. An important resistance retest close to the red trend line is expected to occur shortly, along with the hope of a short-term pullback. Looking at the chart, Bitcoin has finally penetrated above the former consolidation zones and come to the support of the trendline, which was once resistant.

The projection suggests that at that level, Bitcoin is likely to be rejected, and it may form a higher low in the next few days. If the buyers get into the stock at the pull back this move could reinforce the positive outlook. Such a setup may perhaps usher in new momentum according to analysts. If once support remains above previous lows, the affected Bitcoin is likely to find a way towards a new all time high.

$BTC #Bitcoin bottom is in with bullish market structure in play.

Expecting a rejection on the red trend retest.
We then will put in a higher low. (This will be time to buy the dip.)

From then, we move to new ATH pic.twitter.com/c5RHqCiOic

— The Cryptomist (@Thecryptomist) May 9, 2025

Bitcoin Price Sets Bullish Structure, Eyes ATH

The crypto experts have observed that Bitcoin has established a bullish market structure, suggesting a confirmed bottom. Current chart patterns show the price moving above a key resistance trendline. Analysts anticipate a short-term rejection upon retesting this red trendline before forming a higher low.

This projected pullback is expected to offer a favorable dip opportunity. Market watchers believe that, if the higher low holds, Bitcoin could resume its upward trajectory. A breakout beyond current levels could push BTC toward a new all-time high, following continued bullish momentum.

#Ethereum BREAKOUT! #ETH just closed above the Kumo cloud: a strong bullish signal from an Ichimoku perspective.

Next target: Fair Value Gap between $2,500 – $2,740. pic.twitter.com/TxfE3yrUHQ

— Titan of Crypto (@Washigorira) May 9, 2025

BTC Price Eyes $108K as Momentum Builds

The BTC price continued its upward push, briefly touching $104K before retreating to the $102.7K mark during the Thursday session. This surge follows a break above the psychological resistance at $100K, now acting as key support. At the time of writing, the BTC price is trading at $102,862, with a 3% increase in the past 24-hours.

The RSI indicator is at 75, suggesting overbought conditions and confirming strong demand. MACD also supports this bullish outlook, with the histogram in positive territory and the signal line lagging the fast line. These indicators point to continued strength unless sharp rejection occurs below key levels.

Price action shows Bitcoin facing immediate resistance at $105,000 and $108,000, both marked by past price rejections. A successful close above $105,000 may open the path toward retesting the all-time high near $110,000.  On the downside, the support zone lies at $100,000, followed by a stronger floor at $95,000. A fall below those levels could disrupt the rally and signal exhaustion.