Currently, as of May 8, 2025, Bitcoin is hovering slightly under $100k. Needless to say, this has fueled great speculation about whether it can hold onto its recent rally. The digital asset is now trading at about $99,692 after a 24-hour gain of 2.7%. The recent rally of Bitcoin showcases the heightened level of investor confidence and momentum from both retail and institutional players.

As of Friday morning, Bitcoin was up close to 30% just in the last month. The high and low for intraday trading has been between $95,959 and $100,131. This volatility is exacerbated as it approaches the line in the sand of $100k.

The perfect storm of macroeconomic uncertainty, institutional adoption, and bullish technical indicators has all contributed to Bitcoin’s strong rebound. At its peak value in April, Bitcoin was close to $74,000—a remarkable rebound over what amounts to a few months.

On the upside, the crypto has mighty resistance at $99,900. Analysts think that this level will be one that discourages long-term holders from continuing to speculate on their profits. Bitcoin rallying up to the $100,000–$109,000 range in the near future wouldn’t come as a surprise. For this to happen, it needs to stay above $94k and reclaim the $95,600 level.

Currently, forecasts for Bitcoin make the rounds from the very conservative $115,000 all the way up to $250,000. These projections demonstrate the vast range of views on where the cryptocurrency market—the most innovative and speculative market on earth—is headed.

The broader crypto market is something to keep an eye on in 2025. Investors are trying to see how altcoins and other digital assets react with Bitcoin moving the way it is.

If Bitcoin cannot maintain its support, market experts predict the crypto will dip back down to as low as $90,000. This potential pullback serves as a sobering reminder of the significant risks that accompany investments in cryptocurrency.

Indeed, all eyes are on whether Bitcoin’s most recent rally proves to be able to last past its current few days. Market participants have their eyes focused on trading volumes, institutional demand, and macro conditions that might affect the Bitcoin price.