Publication: $BTC

$BTC: Should We Expect a Bitcoin Correction Amidst the Downward Trend?

As of May 5, 2025, Bitcoin ($BTC) shows mixed dynamics on the 1D chart from TradingView. The price fluctuates around $94,622, but analysts note a downward order flow with a likely continuation of the decline. The chart shows a sharp drop after a peak at $99,514, with a potential correction to the area of interest (POI) at $94,663. Experts predict further decline to $88,465-$86,064 if the trend persists (TradingView, May 5, 2025).

Advice: Monitor the support level at $94,663, avoid impulsive selling, and prepare for a possible rebound.

Conclusion and forecast: The downward trend appears likely. I expect a correction to $94,663 with a further decline to $88,000 by the end of May 2025.