Bitcoin Technical Breakthrough: Is Its Safe-Haven Attribute Emerging After the Fed's Rate Decision?
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After the Federal Reserve's benchmark interest rate decision, on the morning of May 8, Bitcoin's price strongly broke through the critical resistance level of $96,000 and continued to climb to the $97,700 range within a few hours, peaking at $98,350, marking a new high since the adjustment in late April 2025. Based on the latest pre-market candlestick data and trading volume observations on May 8, Bitcoin shows a typical "strong shock followed by another attack" pattern, characterized by a bullish breakout with increased volume and successful digestion of the dense trading area.
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