1. Short-Term Predictions (May 2025):
- This week (May 5–11): Prices are expected to fluctuate between $$94,500 and $$97,800 , representing a potential 3.4% swing .
- Technical indicators suggest a bullish momentum, with a bullish engulfing pattern observed on weekly charts, indicating strong buyer interest . However, sideways consolidation near the $$96,000 resistance level could persist before a breakout .
2. Key Influencing Factors:
- Investor Sentiment: The Fear & Greed Index is neutral (53), reflecting cautious optimism .
- Global Events: Macroeconomic developments, regulatory shifts, or institutional adoption (e.g., ETF inflows) may drive volatility .
- Technical Resistance: Breaking above $$96,000–$$97,000 could propel BTC toward $$98,000 (bullish scenario) . Failure to hold $$94,000 may trigger a pullback .
3. Longer-Term Outlook:
- Some analysts project a rise to $$112,800 by June 2025 (16.3% increase from current levels) , while institutional forecasts like Chamath Palihapitiya’s $$500,000 target highlight extreme bullish scenarios .
In summary, Bitcoin’s price in May 2025 is likely to experience moderate volatility with upward potential if key resistance levels are breached. Closely
