#StrategicBTCReserve As of May 5, 2025, Bitcoin (BTC) is trading at approximately $94,327, reflecting a 1.66% decline from the previous day's value of $95,923.

📊 Bitcoin Price Overview (May 5, 2025)

Opening Price: $94,270

Daily High: $94,810

Daily Low: $93,500

Closing Price: $94,430

24-Hour Trading Volume: Approximately 49,270 BTC

🔍 Market Insights

Recent Decline: Bitcoin's price has decreased from a recent peak of $97,000, indicating a potential correction phase.

Support Levels: Analysts highlight key support between $91,500 and $92,000. Maintaining above this range is crucial for potential upward momentum.

Resistance Levels: Resistance is observed around $96,000 to $97,000, which Bitcoin has struggled to surpass in recent sessions.