According to Crypto Rover, Bitcoin's recent price bounce is fueling significant bullish momentum, suggesting strong trader confidence and increased buying activity (source: Crypto Rover, Twitter, May 17, 2025). This surge is linked to a sharp rebound from a critical support level, which many traders interpret as a catalyst for further upward movement in the BTC market. The current trend signals potential trading opportunities for both short-term momentum traders and long-term investors seeking to capitalize on renewed crypto market interest.

According to Michaël van de Poppe (@CryptoMichNL) on Twitter, Bitcoin has confirmed a bottom as of yesterday and is currently maintaining a steady upward trend. Van de Poppe highlights that this price action signals strong bullish momentum, which is crucial for traders observing potential breakout opportunities. He notes that the continuation of this trend may present strategic entry points for both short-term and swing traders, as the market eyes significant resistance levels. Van de Poppe also mentions that a $100,000 price target for Bitcoin within the next two weeks is being discussed. This analysis is based on recent price movements and technical indicators shared by Van de Poppe on May 7, 2025 (source: @CryptoMichNL Twitter).

According to BitMEXResearch, Bitcoin ETFs recorded a significant net inflow of $3.0 billion over the past week. This strong capital influx into spot Bitcoin ETFs highlights robust investor demand and could signal bullish momentum for Bitcoin prices in the short term. Traders should monitor ETF inflows as a leading indicator for potential price movements and increased market liquidity, as sustained demand often correlates with upward price trends (Source: BitMEXResearch on Twitter).