$BTC
Bitcoin Outlook for May 7, 2025
Bitcoin is showing a cautiously positive trend. It’s trading at $93,941 — down 0.41% in the past 24 hours, but up 47.86% compared to last year. The RSI is at 60.58, and the 200-day moving average is rising, both signs of steady momentum. The Fear & Greed Index is at 52, showing neutral market sentiment.
Many posts on X (formerly Twitter) describe Bitcoin as a safe option when the stock market is weak, which is helping investor confidence. Key support levels are between $90,000 and $92,000, while resistance levels range from $95,000 to $100,000.
Although price swings continue, technical signals suggest Bitcoin could move higher if it breaks past resistance. Investors should keep an eye on big-picture economic changes—especially any moves by the Federal Reserve—that could affect Bitcoin’s direction in the coming weeks.