Bitcoin is on its way to breaking the $100,000 resistance, and the excitement runs across the crypto space. The achievement is likely to transform market dynamics and unlock new avenues for investors as the wider crypto market gets ready for a new growth spurt.
Technical and Market Analysis
Bitcoin is trading around $99,800 on May 8, 2025. It has not reached this price point since late February, representing a huge bounce from levels around $74,000 earlier this year. Technical charts indicate that Bitcoin has strong support on higher time frames, particularly on the 4-hour and daily charts.
Analyst Michaël van de Poppe indicates that the support has the potential to drive Bitcoin above $100,000 within days rather than weeks, provided it sustains it. SkyVVIP on X showed optimism by replying “Wym? It’s few minutes away.”
The Relative Strength Index (RSI) is at 66, which indicates there is bullish momentum without being overbought. The Moving Average Convergence Divergence (MACD) is also registering a positive crossover, which is a sign of buying pressure.
Volumes have surged, with the BTC/USD pair experiencing a 66% increase in trading volume in the last 24 hours. Institutional players are on the move, with Bitcoin spot ETFs receiving inflows of $4.5 billion in April and early May inflows. Open interest on futures has gained 21% since March to a whopping 669,000 BTC contracts.
Bitcoin has strong support at $94,719, where 195,320 BTC were accumulated. A major resistance lies at $101,673, with 81,910 BTC clustered there. The psychological $100,000 level remains a key hurdle as Bitcoin battles to break through this important price point before getting to higher resistance levels.
Macro and Geopolitical Factors Impacting Bitcoin
Macro conditions also favor the rise of Bitcoin. The Federal Reserve left rates unchanged at 4.25%-4.50% on May 7, diluting fears of aggressive rate hikes. Fed Chairman Jerome Powell stated that inflation fell but is still higher than the target 2%, keeping markets hopeful but wary. This steady rate move helped Bitcoin recover from a fall to $95,866 quickly, with prices back near $100,000 now.
Meanwhile, hope for a possible US-UK trade deal, hinted at by President Trump, has raised market optimism. Reports indicate that the deal is likely a preliminary outline and not an agreement. The news has ignited risk appetite within traditional markets as well as crypto markets. Asian equities and S&P 500 futures climbed along with Bitcoin, pointing to a risk-on environment overall.
READ MORE: Best Crypto to Buy as Ethereum Rolls out Pectra Upgrade
Easing US-China tensions before these talks add to the optimism. Improved terms of trade are anticipated by investors, which could favor crypto liquidity and adoption. Volatility within the derivatives market is cooling, with liquidations decreasing by over 7% within a day, primarily from short positions. This indicates that traders are hedging their bets on a prolonged rally as opposed to a quick pullback.
Market Reaction and Broader Crypto Sentiment
Altcoins have responded emphatically to the momentum of Bitcoin. Ethereum has gained 7%, while XRP went up 4% over the past 24 hours. Meme coins DOGE and PEPE also shot up 6-12% as traders look for growth plays. Total crypto market capitalization has increased by over a hundred billion, to $3.05 trillion, a sign of generalized investor optimism.
In essence, the technical strength of Bitcoin, consistent macro fundamentals, and declining geopolitical threats provide room for a potential breakout. Institutional money and retail demands are converging, while altcoins are riding the uptrend. Key support levels should be closely observed by traders, as breaking past $100,000 may unlock a new rally for the rest of the crypto space.
As Bitcoin leads the crypto space forward, some assets will do better than others. Identifying the right coins for investment is crucial for achieving substantial profits.
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Top Crypto to Buy as Bitcoin Leads Crypto
With Bitcoin hovering around $100,000, investor attention turns to promising altcoins and meme coins that can grow with this trend. Improved technicals and settling global tensions stimulate attraction to some viable tokens that bring with them the support of a strong community and cutting-edge technology. This makes them strong contenders for the current favorable crypto environment.
Bitcoin Pepe (BPEP)
Bitcoin Pepe is gaining attention as a meme coin with genuine prospects. It balances robust support from its community with functional features of low costs and speedy transactions. The coin has raised nearly $8 million from its presale, with demand before exchange listings.
BPEP’s performance puts it on good grounds to take advantage of Bitcoin’s resurgence and increased retail demand for meme coins. The project focuses on transparency and consistent growth avoiding marketing hype by concentrating on utility and user interaction. Valued at $0.031, BPEP has a compelling staking incentive for long-term holders.
It is a solution with a layer 2 on Bitcoin that is intended to provide Solana speeds while ensuring the security of Bitcoin. It is appealing to new and veteran investors as Bitcoin approaches the price of $100,000 with a planned meme-based DEX and NFT marketplace.
CartelFi (CARTFI)
CartelFi is a meme-based DeFi protocol that transforms idle meme coins into yielding assets. Their single-asset staking pools return a maximum of 1000% APY, and they enable holders to earn without even needing to sell tokens. The platform uses most fees to buy back and burn CARTFI, reducing supply and boosting value.
Within 1 month of presale, CartelFi has raised over $1.6 million. This demonstrates a strong demand for retail investors. The roadmap has exchange listings and additional staking options planned for steady growth.
CARTFI deflationary tokenomics and staking “Yield Dorado” produce a cycle of burning and earning that benefits holders. From a price of $0.0251, the token has appreciated throughout its 90-day presale. CartelFi presents a new method for making a profit on the meme coin phenomenon within DeFi.
PepeX (PEPX)
PepeX is a Solana blockchain-based launchpad for meme coins fueled by AI. It provides no-code token creation for the public, with AI-driven naming capabilities, marketing, and management of projects. The platform includes anti-sniping features and a bonding mechanism to promote fair launches and protect the interests of investors.
Since its presale back in March 2025, PepeX has raised over $2.1 million, with token prices of about $0.0255. Tokenomics from the project distribute 45% for public sale, with staking rewards, marketing, and funds for development. There is staking provided by PepeX and governance voting that gets holders engaged in voting on choices.
Its innovative tools and quick Solana transactions ensure token creation is simple and safe. PepeX has a roadmap and a strong-growing base as it plans to take on the meme coin launch niche. With Bitcoin reaching close to $100,000, PepeX distinguishes itself by merging innovation with user control.
