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 Santiment (@santimentfeed), Bitcoin's average market value is currently just above $94,500, signaling increasing bullish sentiment among traders. Technical analysis indicates that the $100,000 psychological threshold is a major resistance level, with significant on-chain accumulation and rising trading volumes supporting the potential for a breakout. Traders are closely monitoring momentum indicators and order book data, as a sustained move above $95,000 could trigger further buying pressure and a rapid test of the $100,000 level (source: Santiment, April 30, 2025).