$BTC

As of May 6, 2025, Bitcoin (BTC) is trading around $94,403, reflecting a slight decrease of 0.3% over the past 24 hours. The price has fluctuated between an intraday high of $95,118 and a low of $93,702.

Recent market dynamics show a mixed sentiment among institutional investors. While BlackRock's Bitcoin ETF experienced a significant inflow of $531.2 million, indicating strong institutional confidence, Fidelity's Bitcoin ETF saw a net outflow of $57.8 million, suggesting some bearish sentiment .

Technically, Bitcoin is in a consolidation phase, trading within a range of approximately $66,800 to $69,500. The Relative Strength Index (RSI) stands at 52, indicating neutral momentum. Bollinger Bands are tightening, suggesting potential volatility ahead .

Traders should monitor key support and resistance levels, as well as upcoming macroeconomic events, such as the Federal Reserve's FOMC meeting, which could influence market sentiment. A breakout above the current range could signal bullish momentum, while a breakdown may indicate further consolidation or a bearish trend.

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