On Wednesday, May 7, 2025, the price of Bitcoin ($BTC ) strengthened again, trading in the range of $94,583 or around Rp 1.60 billion. This increase was driven by several key factors that reinforced positive sentiment in the crypto market.

Factors Driving Bitcoin Price Increase

• Anticipation of FOMC Meeting

Investors are awaiting the results of the Federal Open Market Committee (FOMC) meeting scheduled for today. Although most analysts expect interest rates to remain unchanged, the statement from Fed Chair Jerome Powell is highly anticipated. A dovish tone from Powell could push Bitcoin's price closer to $100,000, while a hawkish tone could pressure the price to the range of $91,500–$92,000.

• Positive Technical Momentum

Technically, Bitcoin has managed to break through the downward trend line from the March–April structure, turning the $92,000–$93,000 level into a new support.