Bitcoin displays an increase of 3% on May 1, briefly reaching $ 97,400 before descending to 96,600 dollars. Haussiers investors are now preparing to face the psychological resistance of $ 97,000, while gold has experienced a significant correction, losing more than 8% since its recent historical heights.
Bitcoin resilient in the face of macroeconomic uncertainties
On May 1, the Bitcoin price crossed the $ 97,000 mark, its highest level since February 22.
This ascent occurred in parallel with a significant increase in American equity markets, in particular driven by Microsoft which jumped 10 %, thus becoming the most valued company in the world.
THE data From Cointelegraph Markets Pro and TradingView confirm this upward trend which puts under pressure the selling positions.
Analyst Daan Crypto Trades also pointed out that actions could reconnect with a lasting upward dynamic if they are maintained above the Fibonacci trace level at 0.618 after their recent correction.
“” I think that the general rule is that if the actions return above the retirement of fibonacci of 0.618 after a sharp drop, the hollow is considered to be reached “He explained in an analysis published on X.
The liquidity of the order book shows a significant concentration around 97,000 dollars, a key level that traders monitor carefully. According to Correglass data, it is at this threshold that a major resistance is located which could determine the next market management.
A favorable context despite the fears of recession
While Bitcoin flies away, gold undergoes a significant correction of more than 8 % compared to its recent historical heights. This decline is part of a broader context of drop in raw materials, especially oil, which also crosses a difficult period.
This divergence between gold and Bitcoin comes as fears of recession in the United States are strengthened following poor data from American GDP. The 0.3 % contraction of the US economy in the first quarter of 2025 puts the federal reserve under pressure to reduce its interest rates.
Analyst Michaël Van de Poppe commented that these unfavorable macroeconomic data increases the pressure on the Fed to restart monetary printing, which would be beneficial for risky assets in the medium term, but negative for short -term gold.
In parallel, the institutional interest in Bitcoin continues to strengthen itself, as evidenced by the record investment of $ 970 million made by Blackrock in its ETF Bitcoin, thus consolidating its dominant position on this market.
Faced with the prospect of an American recession and the weakening of the dollar, Bitcoin could paradoxically draw out of the game in 2025, gradually imposing itself as a reserve of alternative value, like the pioneer initiative of Arizona which plans to make it a strategic state reserve.
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