BTC Breakout Alert: Will Bitcoin Hit $100K Today? (Live Update: 7 May 2025)
Current Price: $97,486.50
24h Range: $93,587 – $97,274
Market Cap: ~$1.85 Trillion
Key Insights:
FOMC Meeting Today: The Fed's interest rate decision is expected. A dovish stance may push BTC toward $100K, while a hawkish tone could cause a correction to the $91.5K–$92K zone.
Technical Indicators:
MACD shows a bearish crossover (short-term weakness)
BTC is near upper Bollinger Band, midline support at ~$92K
On-Chain Metrics:
88% of BTC in profit → strong holder confidence
MVRV ratio at 1.74 → consolidation, not panic selling
Trade Setup:
Long Entry: Above $98,200
Targets: $99,600 → $102,000
Short Entry: Below $96,200
Targets: $94,000 → $92,000
Stop-Loss: $95,400
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What do you think? Will BTC break $100K today? Let us know in comments!
