{"id":5798,"date":"2025-05-07T19:39:15","date_gmt":"2025-05-07T18:39:15","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=5798"},"modified":"2025-05-07T19:39:17","modified_gmt":"2025-05-07T18:39:17","slug":"why-bitcoin-btc-price-rising-today","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/why-bitcoin-btc-price-rising-today\/","title":{"rendered":"Exploring the Surge : What’s Behind Today’s Rise in Bitcoin (BTC) Price ?"},"content":{"rendered":"\n

Bitcoin Surges Towards $100,000<\/h2>\n\n\n\n

Bitcoin (BTC<\/a>) experiences a new bullish push on May 7th<\/strong>. Its price surpasses $97,000, with a significant 37% increase in daily transaction volume. This surge can be attributed to several key factors:<\/p>\n\n\n\n

Investors seem to be betting on a potential resumption of trade negotiations between China and the United States, following an announcement by U.S. Treasury Secretary Scott Bessent of his intention to travel to Switzerland to meet with a Chinese delegation<\/strong>.<\/p>\n\n\n

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\"Bitcoin
Source : TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

This prospect of geo-economic easing<\/strong> logically boosts risk appetite in financial markets, including digital assets like Bitcoin. However, caution is advised as the likelihood of an agreement by June is currently only estimated at 25% by the prediction platform Polymarket.<\/p>\n\n\n\n

Massive Short Position Liquidations<\/h2>\n\n\n\n

The price surge is accompanied by a phenomenon familiar to seasoned traders : the liquidation of short positions. In a span of 24 hours, over $83.6 million of short positions were liquidated<\/strong>, compared to just $15 million of long positions.<\/p>\n\n\n

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\"Bitcoin
Source : CoinGlass<\/figcaption><\/figure>\n<\/div>\n\n\n

These forced buybacks mechanically exacerbate price increases. A similar leverage effect was observed at the end of March, with $122 million of short positions liquidated<\/strong> during the same period.<\/p>\n\n\n\n

Technically, Bitcoin continues its bullish breakout from a descending “wedge” pattern<\/strong>, a traditional reversal model. The price has notably reclaimed its major moving averages and the yearly opening at $93,000.<\/p>\n\n\n\n

The next key resistance is at $98,000. Once surpassed, Bitcoin could soar towards $100,200<\/strong> in the short term. Only a close below $93,000 could temporarily push prices back to the $87,000 to $90,000 range.<\/p>\n\n\n\n

Towards a Six-Figure BTC ?<\/h2>\n\n\n\n

Beyond current factors, the underlying trend remains favorable for Bitcoin. Moreover, the bullish momentum is supported by a positive chart pattern<\/strong>, massive short position liquidations, and increased interest from institutional investors.<\/p>\n\n\n\n

The attainment of the symbolic $100,000<\/strong> mark appears increasingly plausible, provided the resistance zone at $98,000 is overcome. However, decisions from the Fed or developments in Sino-American negotiations must be closely monitored.<\/p>\n\n\n\n

For crypto<\/a> investors, caution is advised despite this upward momentum. It is strongly recommended to conduct thorough research<\/strong> before committing to market positions.<\/p>\n\n\n\n

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Buy Bitcoin easily via Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

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