📊 BTC Breakout Alert: Will Bitcoin Hit $100K? (Live Update: 7 May 2025)
Current Price: $97,210
24h Range: $93,587 – $97,274
Market Cap: ~$1.85 Trillion
Key Insights:
FOMC meeting today: If the Fed takes a dovish tone, BTC could break $100K. A hawkish stance might pull it back to $91.5K.
MACD: Bearish crossover suggests potential short-term weakness.
Bollinger Bands: BTC near upper band. Mid-support ~$92K.
On-Chain:
88% of BTC supply in profit
MVRV Ratio at 1.74 → Consolidation phase
Trade Setup:
Long Entry: Above $98,200 with volume
Targets: $99,600 → $102,000
Short Entry: Below $96,200
Targets: $94,000 → $92,000
Stop-Loss: $95,400
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Will BTC break $100K or face rejection? Comment below!
