According to Mihir (@RhythmicAnalyst) on Twitter, Bitcoin (BTC) has not achieved a weekly closing value above the critical resistance level required to confirm a new price high. This trading action signals that BTC faces strong resistance, and traders should anticipate a continued period of consolidation before any decisive breakout, as evidenced by price reactions at key resistance zones (source: Mihir, Twitter, May 4, 2025).

According to Miles Deutscher, Bitcoin ($BTC) has experienced its first confirmed trend breakout of 2025, signaling a potentially significant shift in market dynamics. This breakout is pivotal for traders as it could indicate the beginning of a new bullish phase. The breakout, verified by Deutscher's analysis, suggests increased buying interest and potential upward momentum for Bitcoin prices. Traders should watch for sustained volume and further technical indicators to confirm this trend change.