Hello Everyone!
I am back after a long time. I hope everyone is doing fine.
I will be posting daily updates on top 3 cryptocurrencies of what is going on and what to expect in future.
The analysis for May 2, 2025, focusing on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), based on the latest market data and technical indicators.
⸻
🟠 Bitcoin (BTC)
• Current Price: Approximately $95,000
• 24h Change: +2.69%
• Range: $94,332 – $97,360
Technical Outlook: Bitcoin is approaching the significant $100,000 mark, with strong upward momentum observed. The recent price surge is attributed to increased institutional interest and growing adoption.
Key Levels:
• Resistance: $100,000
• Support: $94,000
Strategy: Traders should monitor for a breakout above $100,000, which could signal further bullish momentum. Conversely, a pullback below $94,000 may indicate a short-term correction.
⸻
🔵 Ethereum (ETH)
• Current Price: Approximately $1,845
• 24h Change: +2.71%
• Range: $1,796 – $1,867
Technical Outlook: Ethereum has shown a modest increase, with current prices hovering around $1,845. Analysts suggest that ETH could breach $2,000, signaling a potential altcoin surge in 2025.
Key Levels:
• Resistance: $2,000
• Support: $1,800
Strategy: A sustained move above $2,000 could attract further buying interest. However, failure to hold above $1,800 may lead to increased selling pressure.
⸻
🟡 Binance Coin (BNB)
• Current Price: Approximately $600.54
• 24h Change: +0.02%
• Range: $598.55 – $604.78
Technical Outlook: BNB is trading steadily around the $600 mark. Analysts forecast a potential increase to $1,072.11 by April 19, 2025, indicating a stable outlook for the token.
Key Levels:
• Resistance: $610
• Support: $590
Strategy: A breakout above $610 could lead to a test of higher resistance levels. Conversely, a drop below $590 may signal a short-term bearish trend.
⸻
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.
⸻