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Market Direction

BTC

Updated: May 9, 2025
Published: May 8, 2025
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BTC

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Cryptonary’s Take

BTC has now officially broken above the $100K mark — a historic move with undeniable strength behind it. But while momentum remains aggressive, this rally feels extended. The broader market isn’t showing the same conviction, and it’s starting to feel like exhaustion is creeping in. From a risk-reward perspective, bidding Bitcoin up here doesn’t make sense. This is not the time to chase. We’ll let the move play out, wait for signs of exhaustion, and look to get involved again lower — on our terms

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