#BTCPrediction

“#BTCPrediction: Bitcoin Approaching $100K! Is This the Time for a Breakout? 🚀”

📊 Current Price (May 7, 2025):

BTC is trading around $96,494, with a daily high of $97,513 and a low of $93,587.

🔍 Technical Analysis:

Strong Support: $94,000 and $92,500

Major Resistance: $98,500 and psychological level $100,000

RSI & MACD Indicators: Indicating potential bullish momentum, but further confirmation is needed

Coinbase Premium: Dropped to -5.07, indicating caution among US investors

💡 Fundamental Factors:

FOMC Meeting: Today's interest rate decision could trigger market volatility

Bitcoin ETF Flows: Some ETFs recorded zero inflows, indicating a pause in institutional interest

BTC Dominance: Reached 55.3%, the highest since April 2021

📈 Price Prediction:

Bullish: If it breaks above $98,500, potential towards $100,000

Neutral: Consolidation between $94,000–$97,000

Bearish: If it falls below $92,500, further correction likely

🧠 Strategy for Traders:

DCA: Consider gradual accumulation

Monitor News: Keep an eye on FOMC meeting results and economic data

Risk Management: Apply stop-loss and take-profit according to risk profile

🚀 Conclusion:

Bitcoin is on the verge of a major breakout. With a combination of technical and fundamental factors, this week could be a decisive point for the next market direction.