According to QCP (@QCPgroup), as the US market open approaches, traders are closely watching whether Bitcoin's current rally will sustain or fade upon confirmation. QCP maintains a cautiously constructive outlook but emphasizes that significant upside for BTC remains limited until there is a daily close above the $100,000 level. This insight highlights the importance of the $100K resistance as a critical psychological and technical barrier for traders considering long positions. Source: QCP (@QCPgroup), May 8, 2025.

According to Cas Abbé, BTC price is now above the STH cost basis, a historical indicator of potential upside. Previous instances, such as October 2024, saw BTC reaching new highs following similar patterns. However, traders should remain cautious of potential fakeouts.

According to Miles Deutscher, Bitcoin ($BTC) is decoupling from traditional stock markets while showing a rally pattern similar to gold. This trend suggests a strengthening of the 'digital gold' narrative as Bitcoin increasingly serves as a safe haven asset amidst economic uncertainties. Traders may find this correlation significant as it could influence Bitcoin's price stability and potential growth during volatile economic periods.

According to Trader Tardigrade, Bitcoin has formed its first higher low during the current lower consolidation phase, which could signal the potential for another BTC rally.

According to Material Indicators (@MI_Algos), Keith conducted a live technical analysis (TA) session discussing whether the recent BTC rally could be classified as a pump and dump (P&D). The session aimed to provide traders with insights into the sustainability of the rally and potential trading strategies moving forward.