{"id":32613,"date":"2025-05-09T05:28:02","date_gmt":"2025-05-09T05:28:02","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=32613"},"modified":"2025-05-09T05:28:04","modified_gmt":"2025-05-09T05:28:04","slug":"crypto-technical-analysis-report-9th-may-2025","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/crypto-technical-analysis-report-9th-may-2025","title":{"rendered":"Crypto Technical Analysis Report – 9th May 2025"},"content":{"rendered":"\n

Bitcoin surged past $97,000 on May 6 in a sharp short squeeze, triggered by news that U.S. Treasury Secretary Scott Bessent confirmed trade negotiations with China would begin on May 10. Adding to the bullish momentum, Bitcoin\u2019s realized capitalization \u2014 which measures the aggregate value of all BTC based on the last time each coin moved \u2014 hit an all-time high of $890 billion on May 7. This milestone marked the third straight week of record-setting growth for the metric, signaling heightened investor confidence and stronger hands accumulating BTC amid improving macroeconomic sentiment.<\/p>\n\n\n\n

BTC\/USDT Daily Chart:<\/strong><\/p>\n\n\n\n

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BTC, after correcting almost 32% from the all-time high, formed a \u2018Long-Legged Spinning Top\u2019 candle near the key support level of $73,500 and witnessed a recovery. Following this move, the asset began consolidating near the downsloping trendline. However, BTC eventually broke out above the trendline and the resistance level of $90,000, rallying up to $99,330. In the weekly time frame, Bitcoin is forming a \u2018Higher High, Higher Low\u2019 pattern. The asset faces strong resistance at $100,000 and $110,000, while $90,000 will now act as a key support.<\/p>\n\n\n\n

In the grand scheme of things, ZebPay blogs are here to provide you with crypto wisdom\u2014get started today and join 6 million+ registered users to explore endless features on ZebPay!<\/p>\n\n\n\n

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TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin surged past $97,000 on May 6 in a sharp short squeeze, triggered by news that U.S. Treasury Secretary Scott Bessent confirmed trade negotiations with China would begin on May 10. Adding to the bullish momentum, Bitcoin\u2019s realized capitalization \u2014 which measures the aggregate value of all BTC based on the last time each coin […]<\/p>\n","protected":false},"author":1,"featured_media":32418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[17,79,310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/32613"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=32613"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/32613\/revisions"}],"predecessor-version":[{"id":32616,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/32613\/revisions\/32616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/32418"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=32613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=32613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=32613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}