Bitcoin is again over $10,000: BTC jumps 6.41% in a day, with bullish technology and ETF inflows boosting investors’ trust.
Larry Fink is looking at $500,000 BTC. BlackRock CEO predicts that Bitcoin could reach $500,000 or more in 5-10 years, calling it the 10T asset of the future.
Bitcoin’s bullish momentum continues. On May 8, BTC surged 6.41% in a day, again surpassing the important $100,000 mark. Over the past seven days, Bitcoin has risen by 6.9%, up at least 0.3% over the past 24 hours alone.
The recent rally has sparked new excitement in the Crypto space, particularly after bold predictions from BlackRock CEO Larry Fink. $500,000 internal Next 5-10 years.
Larry Fink Bitcoin Price Prediction
🚨I’m breaking it🚨
“We’re looking forward to seeing you in the process of exploring the world,” said Larry Fink, CEO of BlackRock.
– Crypto Beast (@cryptobeastreal) May 9, 2025
BlackRock CEO Larry Fink predicts that Bitcoin will be possible Over $500,000 Within 5-10 years. He also labeled Bitcoin with possibilities $10 trillion assetsstrengthens the growing institutional belief in cryptography.
Momentum is backed by ETF activity. The US market currently hosts 11 Bitcoin spot ETFs. $118.59B. Their total market capitalization is $12.076 billionthere is a daily volume $2.66 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) is $62.65B. Only in the first few days of this month, 21,303.28 BTC It went to ibit.
Larry Fink’s Bold Outlook highlights BlackRock’s belief in the growing role of Bitcoin in the global financial system.
Bitcoin price analysis
On November 5th, 2024, Bitcoin was traded at $69,374.85. Between then and December 17th, BTC increased by 56.23%. From December 18th to February 23rd, 2025, it ranged primarily from $106,132.47 to $92,455.22. On February 24th, it fell 4.92% in one day, falling below that range. Then, on April 7th, BTC reached a low of $74,532.07.
However, by April 9th, strong purchase pressure was incurred. Since then, the price has increased 35.38% to $103,376.94.
Regarding monthly performance:
- January: +9.54%
- February: -17.5%
- March: -2.19%
- April: +14.2%
- May (so far): +9.57%
The relative strength index (RSI) is in 75.29Place BTC in the area you have purchased too much. However, the market is currently Three important moving averages above all:
- 50-SMA: $88,534.40
- 100-SMA: $89,842.09
- 200-SMA: $91,233.80
Macd There is a line 3,803.03and quite above the signal line 3,163.09the bullish momentum of signaling. however On-Balance Volume (OBV) It is located in -492.54Kshowing some negative volumetric pressure, so the overall emotions remain bullish.