Bitcoin (BTC) Price Prediction for May 10

Bitcoin price today is trading around $102,950 after tagging intraday highs near $103,281 on May 9. This sharp rally came after BTC broke out of a multi-day flag formation and surged past the critical $100,000 psychological level. The bullish impulse is supported by a breakout from a falling wedge visible on the 4-hour and daily charts, pushing price action to test a key resistance zone near $103,700–$104,000. What’s Happening with Bitcoin’s Price? Bitcoin price chart (Source: TradingView) On the daily timeframe, Bitcoin price action has flipped the March swing high and now trades above the weekly 0.236 Fibonacci level ($89,459). This confirms a breakout from the broader range that persisted for much of April. The 4-hour chart reveals a sequence of higher lows and impulsive candle structures, indicating strong underlying demand. Price also broke above a short-term descending trendline and reclaimed horizontal support at $97,500, further validating the breakout. The weekly Fibonacci levels suggest potential upside targets toward $109,396 if $103,700 is broken cleanly. However, the confluence of resistance at $103,700–$104,000 could stall bullish momentum… The post Bitcoin (BTC) Price Prediction for May 10 appeared first on Coin Edition .

Source: Coin Edition