Bitcoin (BTC) & Binance Coin (BNB) Market Analysis – May 7, 2025
Bitcoin (BTC) Market Overview
Current Price: $96,627.99 (+2.32% in the last 24 hours)
Key Support Level: $93,198
Key Resistance Levels: $94,800, $95,665, $96,448, $97,300
Market Sentiment: The Fear & Greed Index is at 67, indicating extreme greed
Outlook: If BTC holds above $96,000, bullish momentum may continue. A drop below $93,198 could lead to a bearish move.
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Binance Coin (BNB) Market Overview
Current Price: $604.90 (+1.07% in the last 24 hours)
Monthly Performance: +8.66% over the last 30 days
Technical Outlook: Indicators suggest a “Buy” signal, pointing to a potential uptrend
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Summary
BTC is stable above $96K but may decline if it breaks below $93,198.
BNB is showing steady upward momentum supported by positive technical signals.
