$BTC

At the beginning of May 2025, Bitcoin (BTC) is showing positive dynamics, trading near $97,000. Analysts predict a possible rise to $100,000 and above within the next week.

---

🔍 Technical Analysis and Key Levels

Current Price: around $97,000.

Supports: $92,000 and $85,000.

Resistances: $100,000 and $107,000.

Bitcoin has recently broken through a downward channel, indicating a possible continuation of growth. However, a decrease in trading volumes may signal investor caution.

📅 Key Events for the Upcoming Week

Fed Chair's Speech: Statements are expected to impact the markets, including the cryptocurrency market.

U.S. Macroeconomic Data: The publication of employment and inflation data may affect investor sentiment.

Regulatory News: Possible updates regarding cryptocurrency regulation in the U.S.

📈 Weekly Forecasts

CoinCodex: Forecasts BTC growth to $107,343 by May 5 and to $130,270 by May 12.

Changelly: Expects an average BTC price for May at $122,896, with a possible maximum of $132,703.

⚠️ Risks

Regulatory Changes: New restrictions or changes in cryptocurrency policy may occur.

Macroeconomic Instability: Changes in the economy may impact investor sentiment.