BTC has stabilized at $94K as bulls and bears alike await a catalyst for a breakout with chances of BTC rising above $100K or testing the $90K support.

The main  cryptocurrency  on the market,  Bitcoin BTCR$ 533.565,  is quoted on the morning of this Tuesday, 06/05/2025, at R$ 536,769.86.  BTC stabilized at US$ 94 thousand, with bulls and bears waiting for a catalyst (such as the FED meeting), for a breakout with chances of BTC rising above US$ 100 thousand or testing the support of US$ 90 thousand

Beto Fernandes, an analyst at Foxbit, says that Bitcoin appears to have found comfortable ground in the $94,000 region, following low volatility during the day and a session of mixed sentiment for most North American exchanges.

“In fact, we didn’t have any very relevant triggers on Monday, except for the PMI data in the United States, which came in well below expectations. It can be said that these are some signs of the possible consequences of Trump’s tariff hike on the North American economy. This makes investors very cautious and avoid injecting a very aggressive amount of capital into risk assets. Also remembering that there will be the monetary decision and speeches by Jerome Powell on Wednesday”, he points out.”

André Franco, CEO of Boost Research, highlights that global markets remained stable, with the American market ending the day with a slight decline and Asian markets starting the session with a moderate increase, even in the face of the partial recovery of the American dollar against Asian currencies.

“In the commodities market, oil stabilized after a sharp drop, while gold hit its highest level in two weeks, driven by the search for safe assets. In the short term, the impact on Bitcoin tends to be neutral with a slight bias towards the negative, as the market remains cautious, awaiting developments from the Federal Reserve meeting,” he said.

Along the same lines, Pedro Gutiérrez, Latam director at CoinEx, says that global markets are starting the week with more stability, following the cooling of trade tensions between the US and its main partners. The recent talk about tariffs signaled an opening for bilateral renegotiations, which helped to reduce global anxieties related to trade.

“This has led to a slight drop in the gold price and an improvement in risk appetite conditions — something that historically favors Bitcoin. If this scenario continues, it could support a moderately bullish outlook for BTC in the near term,” he points out.

Bitcoin Technical Analysis

Looking at the charts, Gutiérrez points out that BTC is showing mixed signals on the daily chart after reaching the $96,000 region, where it encountered strong resistance that coincides with the upper band of a horizontal consolidation channel. The pullback to the $94,000 range, although moderate, is accompanied by a noticeable drop in volume, which suggests a temporary pause in the bullish momentum.

According to him, technically, the price remains above the Ichimoku cloud, which is still a bullish sign, and the 50- and 200-day moving averages are approaching a possible golden cross — a structurally positive signal, as long as it is accompanied by an increase in volume.

“The MACD histogram is starting to weaken, indicating a loss of momentum in the movement and opening the possibility for a deeper correction if the $93,000 support is broken. If this level does not hold, the next major support is located near $89,000. On the other hand, a decisive break above the $96,000–97,000 range would open the way for a move towards the psychological $100,000 mark,” he said.

Ryan Lee, chief analyst at Bitget Research, points out that Bitcoin’s recent rally to the $87,500 to $97,500 range is supported by a spike in active addresses — now at a 6-month high — pointing to increased demand and a resumption of network activity.

According to him, this rise reinforces an optimistic scenario for a possible breakout towards US$ 100 thousand, although confirmation depends on the alignment of multiple indicators. Sustained ETF inflows, low net flows on exchanges and stable funding rates will be crucial to validate the uptrend.

“Traders should also keep an eye on macroeconomic conditions, Bitcoin’s dominance, currently near the 55% mark, and rising hash rates. Meanwhile, Ethereum is trading in a tighter range of $1,600-$1,900, still lagging BTC’s momentum, with sentiment more subdued amid fewer catalysts and cautious capital rotation into altcoins,” he said.

Isac Honorato, CEO of Cointimes, points out that institutional capital is not just flirting with Bitcoin, it is diving headfirst. The narrative that cryptocurrency is a “retail thing” is a thing of the past. Today, it is the giants of Wall Street that are driving the flow.

To support his analysis, he points out that in the last week, Bitcoin ETFs in the US have raised an impressive US$1.8 billion. On Friday, May 2 alone, there were US$675 million, the seventh largest inflow volume of 2025.

“While money flows into BTC, gold loses ground. The metal’s ETFs recorded an outflow of US$1.9 billion in the same period. Standard Chartered bank points out that the gap between the two assets has already reached US$4 billion, the largest since the 2024 US elections. The message is clear: the market is exchanging the old golden haven for the new digital reserve,” he said.

For the analyst, the data is even more significant when you look at who is behind the movement. According to BlackRock, the flows that previously came from retail investors are now led by large institutions and financial advisors. BlackRock’s own ETF (iShares) alone raised US$2.56 billion in just one week. Bitcoin’s dominance also soars: it reached 64.89%, the highest level since January 2021.

For Robert Mitchnick, Head of Digital Assets at BlackRock, the market’s message has been clear:

“Bitcoin is increasingly positioning itself as a global safe haven asset, and the market is voting with money.”

Thus, according to Honorato, more than a growth asset, BTC is beginning to be seen as an efficient hedge against the instability of traditional US assets. In a scenario of macroeconomic uncertainty and growing distrust in global monetary policy, the preference for a decentralized, scarce and liquid asset makes perfect sense.

Valentin Fournier, chief analyst at BRN, also highlights that after a week marked by billion-dollar inflows into Bitcoin, institutional appetite is beginning to show signs of fatigue, according to crypto market analysts. The volume of corporate purchases has fallen significantly this week, opening the door to a possible deeper correction in BTC prices.

In the past week, Strategy has acquired just 1,895 BTC, worth around $198 million, while Semler Scientific has added 130 BTC, worth around $8 million. For comparison, Strategy alone had purchased $1.5 billion worth of BTC in the previous week.

“This decline is a clear indication that the corporate driving force is losing steam. Historically, these moments precede important market turns,” explains Fournier.

Despite this, ETFs have shown strength again in the last two days, with more than $1 billion in net inflows. Bitcoin accounted for the majority of these inflows, receiving $1.1 billion, while Ethereum attracted just $20 million in the same period.

Despite the support from ETFs, BTC tested the $97,500 resistance on Friday, hitting a two-month high, but failed to break through. Over the weekend, prices retreated, reflecting less institutional buying pressure and cooling investor enthusiasm.

Since Friday, the variations have been as follows:

• Bitcoin (BTC): US$ 97.500 → US$ 94.500 (-3,1%)
• Ethereum (ETH): US$ 1.860 → US$ 1.800 (-3,2%)
• Solana (SOL): US$ 151 → US$ 145 (-4,0%)

According to Fournier, the movement was already expected:

“This decline follows our base scenario, which predicts a sharper correction with a possible drop to the US$ 85,000 region. The decrease in buying pressure from companies and the end of the ETF buyback cycle should open space for new entries further down. We are prepared to take advantage of the next entry points. This is a time for caution and strategic repositioning.

Current positioning of BRN’s portfolio: 50% in cash: waiting for better opportunities; 35% in Bitcoin: expected to fall to US$ 85 thousand; 8% in Solana: high activity, but with volatility and 7% in Ethereum: attractive price, but without clear catalysts

Paulo Aragão, presenter and founder of the  
Giro Bitcoin podcast , points out that two signs indicate a big rise for Bitcoin in the coming days, the BTC hashrate that has exploded and the USDT dominance that has been falling, indicating that the flow of stablecoins is returning to the acquisition of cryptocurrencies

“Despite the lateral movement, new highs should occur in the first half of the year,” he said.

OKX highlights that during the week, two major events are expected to impact the crypto market, the first of which, on Wednesday, is the scheduled statement by the US Federal Open Market Committee (FOMC) on changes in monetary policy and, on the same day, the implementation of the Pectra update on the main network on Ethereum.

“On Thursday, the Bank of England’s monetary policy report is scheduled to be released, revealing actions on interest rates and economic measures. Macroeconomic moves are possible,” the exchange said.

Therefore,  the price of Bitcoin on May 6, 2025 is R$536,769.86.  At this value,  R$1,000 buys 0.0018 BTC and R$1 buys 0.0000018 BTC.

The cryptocurrencies with the highest increase on May 6, 2025, are : Monero ( XMR ), XDC Network ( XDC ) and DeXe ( DEXE ) with increases of 4%, 3% and 2% respectively.

The cryptocurrencies that are registering the biggest drops on May 6, 2025, are: Flare ( FLR ), Ethena ( ENA ) and Litecoin ( LTC ),  with drops of -8%, -7.1 and -7% respectively.

Source: Cointelegraph Brazil

O post Bitcoin Price Today 05/06/2025: BTC Stabilized at $94K and Waiting for Catalyst to Rise apareceu primeiro em DarthBull.

On the daily chart, BTC shows signs of uptrend exhaustion, with the Relative Strength Index (RSI) hovering near overbought territory, signaling a possible short-term correction. However, the 50-period moving average still supports the bullish trend, offering immediate support around $82,000.

If selling pressure intensifies, the $78,000 level represents a key support zone, potentially attracting buyers and maintaining the long-term bullish outlook. Conversely, a breakout above $88,000 could pave the way for a new test of $92,000, reinforcing a bullish scenario and possibly driving BTC toward new all-time highs.

Trading volume remains a decisive factor. If there is a strong inflow of institutional capital around $85,000, resistance could break, triggering a rally. Otherwise, the market may experience another pullback before any upward continuation.

The “Battle of 85K” remains intense, and the coming days will be crucial in determining whether BTC continues its upward trajectory or faces a deeper correction.

O post The Battle of 85K: Short-Term Bitcoin Technical Analysis apareceu primeiro em DarthBull.

The Bitcoin market continues to show strong signs of long-term growth. While short-term
fluctuations and corrections are normal, all indications suggest that BTC remains in a bullish
trend. Below are six technical and six fundamental reasons supporting the thesis that Bitcoin
has a solid chance of surpassing $120,000 in the next two years.

Technical Analysis

Network Fundamentals Are Stronger Than Ever – Bitcoin’s hash rate continues to hit all-time highs, demonstrating strong miner confidence and network security, which
are critical for long-term stability and price appreciation.
Conclusion
While short-term volatility and corrections may continue, the fundamental and technical
outlook for Bitcoin remains overwhelmingly bullish. The combination of increasing adoption,
supply constraints, and favorable macroeconomic conditions suggests that Bitcoin has a
strong probability of surpassing $120,000 within the next two years. Investors should remain
focused on the bigger picture, as the long-term trajectory continues to point upward.

Long-Term Uptrend Confirmation – Bitcoin’s long-term trend remains bullish,
supported by consistent higher highs and higher lows on the weekly and monthly
charts. Even with corrections, the overall trajectory remains upward.

Weekly Indicators Aligning for a Strong Rally – Key weekly indicators, such as the
MACD and RSI, suggest that Bitcoin is entering a new phase of accumulation, which
historically precedes strong uptrends.

Support at Key Levels – Bitcoin has established strong support in the $78,000 to
$90,000 range. Every major correction has found buyers stepping in at these levels,
reinforcing the foundation for a new leg up.

Supply Shock Intensifies – With a large percentage of Bitcoin held by long-term
investors (HODLers), the available supply on exchanges continues to shrink. This
supply squeeze can trigger rapid price appreciation.

Impending Death Cross on the Daily Chart – Bitcoin’s daily chart is approaching a
potential death cross (when the 50-day moving average crosses below the 200-day
moving average). Historically, this has signaled a period of short-term correction, but
it can also create opportunities for strategic long entries, especially as the setup for a
golden cross (where the 50-day MA crosses back above the 200-day MA) emerges,
which has historically been a powerful bullish signal.

Bitcoin’s Market Structure Resilience – Despite market volatility, Bitcoin has
consistently recovered from downturns stronger than before. Its ability to bounce
back from macroeconomic pressures highlights its increasing resilience.

Fundamental Analysis

Institutional Adoption Growing – Major financial institutions and corporations
continue to increase their exposure to Bitcoin, signaling confidence in its long-term
value.

ETF Inflows Strengthening Demand – Spot Bitcoin ETFs have attracted significant
inflows, providing a steady stream of demand from institutional investors. This
development reduces Bitcoin’s correlation with speculative retail trading and
stabilizes its price movements.

Global Economic Uncertainty Favors Bitcoin – With inflation, banking crises, and
sovereign debt concerns rising, Bitcoin is increasingly viewed as a hedge against
traditional financial instability.

Regulatory Clarity Increasing – Countries worldwide are moving toward clearer
regulations for Bitcoin, reducing uncertainty and encouraging more institutional
participation.

Mainstream Adoption Continues to Expand – More businesses, merchants, and
payment processors are integrating Bitcoin as a means of exchange, enhancing its
utility and reinforcing its status as a global asset.

Network Fundamentals Are Stronger Than Ever – Bitcoin’s hash rate continues to
hit all-time highs, demonstrating strong miner confidence and network security, which
are critical for long-term stability and price appreciation.

O post 12 Reasons Why Bitcoin Could Surpass $120,000 in the Next Two Years apareceu primeiro em DarthBull.

Death Cross: A Short-Term Warning Signal
In the coming days, Bitcoin could experience a technical event known as the Death Cross on the daily chart. This occurs when the 50-period moving average (MA50) crosses below the 200-period moving average (MA200). Historically, this crossover is considered a bearish signal, indicating that selling pressure may be dominating the market.

Death Cross History in Bitcoin

Despite its negative reputation, this crossover does not always lead to significant long-term declines. At various points in Bitcoin’s history, the Death Cross was followed by short-term corrections, but it did not alter the primary bullish trend. Some key examples include:

2018: The Death Cross preceded a 50%+ decline, bringing Bitcoin down to around $3,000.

2020: The event led to a brief drop, but Bitcoin soon resumed its uptrend, reaching $60,000.

2022: Another Death Cross occurred during a confirmed bear market, anticipating further declines below $20,000.

The current context, however, is different. Bitcoin has been in a sustained uptrend, and this crossover could simply indicate a temporary corrective phase before the long-term trend resumes.

Short-Term Support and Resistance Levels

Bitcoin is currently in a consolidation zone, fluctuating between $78,000 and $90,000. To keep the long-term bullish trend intact without a deep correction, certain levels must be watched:

Key resistance: $90,000 – a breakout above this level could signal a new all-time high and push BTC towards $100,000.

Strong support: $78,000 – losing this region could lead Bitcoin to test lower levels, such as $72,000 or even $68,000, before resuming its uptrend.

In the long term, Bitcoin remains bullish, driven by strong fundamentals and expectations of increasing global adoption. Prices could test $120,000 by 2027, following historical appreciation cycles. However, short-term uncertainty persists, with the market ranging between $78,000 and $90,000 and a potential Death Cross forming on the daily chart in the coming days.

While this crossover has historically been a warning for temporary declines, macroeconomic conditions and institutional demand continue to support Bitcoin’s long-term growth. Therefore, the best approach for investors may be to maintain a strategic, long-term perspective while closely monitoring support and resistance levels for potential short-term opportunities.

O post Bitcoin Technical Analysis: Long-Term Bullish Trend, Short-Term Uncertainty apareceu primeiro em DarthBull.