Bitcoin (BTC): Next Upside Surge or Continued Rollover? Market Outlook
By: bitcoin ethereum news|2025/05/05 18:30:02
0
Share
From just shy of $98,000 last Friday, the Bitcoin (BTC) price rolled over to hit support at $94,000 on Sunday. Will the price continue to fall, or, with a higher low in place, is a new upside wave taking place that could breach $100,000? Aside from the ever-present market nervousness over the Trump tariffs, and the potential for market skittishness when Fed Chairman Jerome Powell makes his speech after the FOMC meeting this Wednesday, things are relatively calm. 90 days to complete trade talks unrealistic? Many talks aimed at new trade agreements are currently taking place between US officials and their counterparts. While the Trump administration has stated its goal of “90 deals in 90 days”, this does appear to be unrealistic based on an average of 1.5 years from launch to signing of previous Free Trade Agreements, according to the Peterson Institute for International Economics (PIIE). That said, if President Trump’s teams are able to pull off some quick deals within this time frame, these would then probably be announced towards the end of this Summer, possibly leading to a surge in the stock market, assuming that an economic crash does not occur in the intervening period. Markets for stocks and equities are generally believed to have a price horizon from 6 months to 18 months into the future, with 12 months being a general average. With the stock market currently rallying, it will be interesting to see if this continues, giving a signal that the market believes the deals will be done. $BTC fake-out rally Source: TradingView As can be seen in the 4-hour chart above, the rally up to nearly $98,000 eventually resulted in a fake-out. Once the rally ran out of steam, the price rolled over and the top of the ascending triangle was not able to hold it. The price fell through and hit the redrawn bottom trend line of the triangle. The good news is that it has bounced from there, and should it hold the current resistance/support level, it is likely to break out again. The Stochastic RSI at the bottom of the chart is signalling a cross back up, and this is the case for the 8-hour and 12-hour Stochastic RSIs as well. Upside price momentum is arriving again. $BTC price returns to confirm support Source: TradingView The daily chart shows that this latest correction was probably needed. It wasn’t healthy for the price to continue straight up, and so this return to confirm the $94,000 horizontal support level (orange line) is absolutely fine. As long as the bounce does take place from here, a higher low will have been made and the uptrend can continue. The next target would be the higher high at $99,500 (blue line). If this level can be taken out, and $BTC can confirm above, there won’t be too much in the form of resistance before the all-important $106,000 level. $94,000 must be held as support Source: TradingView In the weekly time frame it’s quite straightforward. Bitcoin needs to hold the $94,000 horizontal support level. In favour of the bears, the last weekly candle did close beneath, and a reasonably sized wick was left behind. The current price action needs to see a confirmation above this level in order to help cancel this last bearish candle out. The Stochastic RSI has the indicators still rising nicely. This price momentum has to push $BTC up above the all-time high before the indicators hit the top and come back down again. Otherwise this would be a failed rally. Things do look good for the bulls up to now, but if the price does start to falter, perhaps for more than a week or two, predictions would have to be revisited. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Source: https://cryptodaily.co.uk/2025/05/bitcoin-btc-next-upside-surge-or-continued-rollover-market-outlook
You may also like

More brutal than a bear market, OpenClaw founder advises young people to stay away from crypto
This is not just a disdain for financial nihilism, but also a migration of talent, capital, and attention that is currently happening.

JPMorgan and Goldman raise gold price targets; will on-chain finance welcome a new reserve asset cycle?
Wall Street giants adjust gold price expectations, Matrixdock proposes the concept of Reserve Layer: tokenized gold XAUm, with its institutional-grade compliance structure, is evolving into the underlying reserve asset of on-chain finance.

dFans: OnlyFans of the AI Era
As the industrialization capability of AI video matures, the "industrialization singularity" of AI content creation has arrived. Tools like OpenAI, Google Veo, and Runway have achieved controllable creation, significantly lowering the barriers to content production. AI content creators are emerging ...

Tron Industry Weekly Report: Geopolitical Turmoil Escalates, BTC Continues to Test $60,000, Detailed Explanation of the Protocol Konnex for AI Autonomous Collaboration and Settlement on the Chain
TRON Industry Weekly Report
From CTA to AI: The Evolution of Adaptive Quant Strategies in Crypto Markets
Explore how an LLM-powered AI market-neutral trading strategy achieved a 2.75 Sharpe ratio with controlled drawdown. Inside crypto_trade’s adaptive hedging system at the WEEX AI Trading Hackathon.
How 30+ Global Sponsors Powered WEEX AI Trading Hackathon Into a $1.88M Carnival
Discover how 30+ global sponsors including AWS helped power the $1.88M WEEX AI Trading Hackathon, turning AI strategies into live crypto market competition.

Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA

Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.

72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.

How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.

I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.

WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.

Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
Overview of Important Market Events on March 1

The harvesting tactics of the quantitative giant Jane Street
Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.

Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.

WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
More brutal than a bear market, OpenClaw founder advises young people to stay away from crypto
This is not just a disdain for financial nihilism, but also a migration of talent, capital, and attention that is currently happening.
JPMorgan and Goldman raise gold price targets; will on-chain finance welcome a new reserve asset cycle?
Wall Street giants adjust gold price expectations, Matrixdock proposes the concept of Reserve Layer: tokenized gold XAUm, with its institutional-grade compliance structure, is evolving into the underlying reserve asset of on-chain finance.
dFans: OnlyFans of the AI Era
As the industrialization capability of AI video matures, the "industrialization singularity" of AI content creation has arrived. Tools like OpenAI, Google Veo, and Runway have achieved controllable creation, significantly lowering the barriers to content production. AI content creators are emerging ...
Tron Industry Weekly Report: Geopolitical Turmoil Escalates, BTC Continues to Test $60,000, Detailed Explanation of the Protocol Konnex for AI Autonomous Collaboration and Settlement on the Chain
TRON Industry Weekly Report
From CTA to AI: The Evolution of Adaptive Quant Strategies in Crypto Markets
Explore how an LLM-powered AI market-neutral trading strategy achieved a 2.75 Sharpe ratio with controlled drawdown. Inside crypto_trade’s adaptive hedging system at the WEEX AI Trading Hackathon.
How 30+ Global Sponsors Powered WEEX AI Trading Hackathon Into a $1.88M Carnival
Discover how 30+ global sponsors including AWS helped power the $1.88M WEEX AI Trading Hackathon, turning AI strategies into live crypto market competition.