Key points:
Bitcoin trends toward $100,000. Will bears sell at this level?
Altcoins are trading above their respective support levels, suggesting that an altcoin rally is brewing.
Bitcoin’s (BTC) tight consolidation resolved in favor of the bulls with a break above the $95,000 barrier on May 1. The bulls are trying to push the price to the psychologically crucial level at $100,000, which may again witness a tough battle between the bulls and the bears.
Veteran trader Peter Brandt sounded positive when he said in a post on X that Bitcoin could rally to the $125,000 to $150,000 range by August or September 2025 if it manages to regain its broken parabolic slope. However, Brandt cautioned that the rally could be followed by a sharp correction of more than 50%.
Crypto market data daily view. Source: Coin360
As Bitcoin nears the