In a recent tweet by prominent crypto analyst Michaël van de Poppe on May 3, 2025, at 10:30 AM UTC, a significant observation was made regarding Bitcoin's price action. According to the analysis shared on Twitter, Bitcoin has successfully retested the previous resistance zone at $75,000, which now appears to be acting as a support level (Source: Twitter, CryptoMichNL, May 3, 2025). This retest was recorded around 8:00 AM UTC on May 3, 2025, when Bitcoin's price briefly dipped to $74,800 before rebounding to $75,200 within a two-hour window, as per data from CoinMarketCap. Trading volume during this period spiked by 18% compared to the previous 24-hour average, with approximately 32,000 BTC traded across major exchanges like Binance and Coinbase (Source: CoinMarketCap, May 3, 2025). This volume surge indicates strong buying interest at this critical level. Furthermore, on-chain data from Glassnode shows a 12% increase in Bitcoin wallet addresses holding over 1 BTC during the same timeframe, suggesting accumulation by larger investors (Source: Glassnode, May 3, 2025). This confluence of price action and on-chain metrics points to a potential bullish setup for Bitcoin. For traders searching for Bitcoin price analysis or BTC support levels in 2025, this retest at $75,000 could signal a key entry point before the next upward move.

Delving into the trading implications, this retest of $75,000 as support is a textbook bullish signal for Bitcoin's short-term trajectory, as highlighted by Michaël van de Poppe at 10:30 AM UTC on May 3, 2025 (Source: Twitter, CryptoMichNL, May 3, 2025). For spot traders, this level presents a low-risk entry with a stop-loss just below $74,500, targeting resistance at $78,000, which aligns with the 1.618 Fibonacci extension from the recent swing low of $71,200 on April 28, 2025, at 3:00 PM UTC (Source: TradingView, May 3, 2025). For futures traders, leveraged long positions could be considered with tight risk management, given the high volume confirmation during the retest. Trading pairs such as BTC/USDT on Binance saw a 22% increase in buy orders between 8:00 AM and 10:00 AM UTC on May 3, 2025, with over $120 million in volume (Source: Binance Order Book Data, May 3, 2025). Similarly, BTC/ETH on Kraken recorded a 15% uptick in trading activity, reflecting cross-pair strength (Source: Kraken, May 3, 2025). On-chain metrics from CryptoQuant further support this bullish outlook, with exchange netflows showing a decrease of 5,400 BTC in reserves on May 3, 2025, at 9:00 AM UTC, indicating reduced selling pressure (Source: CryptoQuant, May 3, 2025). For those exploring Bitcoin trading strategies or BTC price predictions, this setup underscores a potential breakout opportunity.

From a technical perspective, Bitcoin's retest of the $75,000 support zone on May 3, 2025, at 8:00 AM UTC aligns with several key indicators. The Relative Strength Index (RSI) on the 4-hour chart stands at 58, suggesting room for upward momentum before entering overbought territory above 70 (Source: TradingView, May 3, 2025). The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the signal line crossing above the MACD line at 7:00 AM UTC on the same day, reinforcing the strength of this support (Source: TradingView, May 3, 2025). Volume analysis reveals that the 24-hour trading volume for Bitcoin reached $48 billion across all exchanges by 11:00 AM UTC, a 20% increase from the prior day’s $40 billion (Source: CoinGecko, May 3, 2025). Specific trading pairs like BTC/USDC on Coinbase also saw heightened activity, with volume rising 25% to $85 million during the retest window from 8:00 AM to 9:00 AM UTC (Source: Coinbase, May 3, 2025). Additionally, while this analysis focuses on Bitcoin, it’s worth noting the growing influence of AI-driven trading algorithms in the crypto market. AI-related tokens like FET and AGIX saw a 10% price increase on May 3, 2025, between 9:00 AM and 11:00 AM UTC, correlating with Bitcoin’s strength, as per CoinMarketCap data (Source: CoinMarketCap, May 3, 2025). This correlation suggests that AI innovations could be driving sentiment across major assets, with trading volumes for FET/USDT on Binance spiking by 30% to $15 million in the same period (Source: Binance, May 3, 2025). For traders researching Bitcoin technical analysis or AI crypto trading opportunities, this dual momentum is a critical trend to monitor. As a frequently asked question: What does the $75,000 support mean for Bitcoin’s price? This level, retested on May 3, 2025, indicates strong buyer interest and could serve as a launchpad for a rally toward $78,000 if volume sustains, based on current technical indicators and on-chain data (Source: TradingView and Glassnode, May 3, 2025).