Bitcoin Surges Past $96,000: Targets $100K Milestone in Early May 2025

Bitcoin has demonstrated remarkable resilience, currently trading at $96,477.68 as of May 3, 2025, after reclaiming key levels above $96K[2]. This represents a significant recovery from its lowest price of the year around $74,000 in early April, marking an impressive 24% surge off that low[5].

Technical analysts are increasingly optimistic as Bitcoin has broken out of a formation that potentially places it on track toward a decisive test zone between $96,200 and $102,100[1]. The cryptocurrency's stabilization around the $96,300 mark after testing the $97,700 resistance level on May 3 indicates growing market confidence[4].

Looking ahead, price predictions for Bitcoin suggest continued momentum in the coming days. Forecasts indicate Bitcoin could reach $99,300 by May 4 and potentially cross the significant $100,000 threshold by May 6, reaching approximately $100,700[2]. If these projections materialize, it would represent a historic milestone for the cryptocurrency.

Despite some fluctuations expected throughout May, the overall outlook remains bullish. Bitcoin is anticipated to continue its upward trajectory, potentially reaching $103,200 by May 10 and closing the month around $104,800[2]. This performance comes after Bitcoin briefly touched a record high of $109,000 in January before experiencing a correction[5].

The current rally demonstrates Bitcoin's resilience in the face of earlier market corrections and positions it firmly in bull-market territory as institutional interest continues to grow in the post-halving cycle.