$BTC

Bitcoin Price Analysis – May 5, 2025

As of May 5, 2025, Bitcoin is trading at $94,326, reflecting a 1.66% drop over the last 24 hours (source). Technical indicators show strong resistance at $100,000—a major psychological barrier—while the $74,500 level acts as a key support zone (source).

Short-term corrections are expected, with potential for a retest of the $93,000 support level, especially amid upcoming U.S. economic data, such as the FOMC meeting and jobless claims (source).

Despite volatility, investor sentiment remains positive, supported by over $3 billion in Bitcoin ETF inflows in the past two weeks. Meanwhile, options traders are betting on a bullish breakout to $300,000 by June 2025 (source).

Overall, Bitcoin's outlook depends heavily on macroeconomic trends and investor behavior in the coming weeks.