BTC Prediction

As of May 5, 2025, Bitcoin (BTC) is trading at approximately $94,714, showing a slight decline of 1.24% from the previous close.

Recent technical analyses indicate that Bitcoin has broken out from a descending channel and pennant pattern, signaling bullish momentum. Key resistance levels to watch are $100,000 and $107,000, while support levels are at $92,000 and $85,000. Investopedia

Analysts have varying predictions for Bitcoin's price trajectory in the coming months. Some forecasts suggest a potential surge to $120,000 in the second quarter of 2025, driven by factors like economic uncertainties and increased institutional interest. CoinMarketCap+2changelly.com+2Price Predictions+2Business Insider

However, it's important to note that cryptocurrency markets are highly volatile, and predictions can vary. Investors should approach with caution and consider consulting with financial advisors before making investment decisions.