#BTC next week price

#Bitcoin approximately $94,186 USD.

📊 Short-Term Outlook (Next Week)

Analysts anticipate Bitcoin's price to remain range-bound between $91,000 and $94,000 in the coming week, influenced by cautious investor sentiment and reduced institutional demand. Key support levels are identified at $92,000 and $85,000, while resistance levels to watch are around $100,000 and $107,000.

A breakout above the $94,000–$95,000 range could signal a potential rally toward the $97,000–$99,500 resistance zone. This level is significant due to previous accumulation by approximately 1.26 million addresses holding over 1.22 million BTC.

Conversely, if Bitcoin fails to hold the $92,000 support level, it may test lower levels around $85,000. Weak network activity and reduced investment inflows could exacerbate the decline.

Despite recent gains, Bitcoin's network activity has declined, with a 51.64% drop in large transactions over the past month and a 56.70% decrease in capital inflows into the cryptocurrency market. Additionally, the upcoming White House Crypto Summit on May 9 could introduce regulatory developments that may impact market .

While Bitcoin's price is currently experiencing upward momentum, the market remains cautious. Investors should monitor key support and resistance levels, as well as upcoming events that could influence market sentiment. It's advisable to stay informed and consider potential risks when making investment decisions.