Bitcoin/Tether
Long

Bitcoin Technical Analysis: May 10, 2025

1 855
# Current Price and Market Context

Price: Approximately $103,160, based on chart at posting time.

# Market Sentiment: Bullish, with 78% of technical indicators showing bullish trends and Fear & Greed Index at 73 (Greed).

Recent Performance: Bitcoin remains resilient, trading above key moving averages after a spring correction, with a strong bullish monthly trend. It hit an all-time high of $109,114.88 on January 20, 2025, but has since consolidated.

## My view: If weekly close exceeds $105,600, expect new all-time highs of $123,930–$127,482.

# Chart for reference

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