#ShareYourThoughtOnBTC
As of May 6, 2025, Bitcoin (BTC) is trading around $94,455, showing a slight decline of 0.26% from the previous day. The price has been fluctuating within a narrow range between $94,024 and $94,921, indicating a consolidation phase.
Analysts predict that BTC could reach approximately $95,215 by May 7, 2025, suggesting a modest upward movement. Looking further ahead, some forecasts anticipate a rise to $109,575 by June 5, 2025, representing a potential 16.23% increase.
Market sentiment remains bullish, with the Fear & Greed Index at 59 (Greed), and 60% of the past 30 days being green for BTC. However, the current consolidation near the $94,580 level suggests that the next 24 hours could be pivotal in determining whether Bitcoin breaks above the $96,000 resistance or retraces to lower support levels.
