🚀 Bitcoin $BTC Price Update – May 7, 2025

As of the latest data, Bitcoin (BTC) is trading at approximately $96,524, reflecting a 2.2% increase from the previous close. The intraday high reached $97,513, while the low was $93,587.

📈 Market Trends and Predictions
Short-Term Outlook: Analysts anticipate that Bitcoin may face resistance around the $99,900 mark, with potential for a pullback if this level is not surpassed.

Medium-Term Forecast: Some forecasts suggest that Bitcoin could reach up to $106,970 by June 2025, driven by continued bullish momentum. CoinCodex

Long-Term Projections: Experts like Tim Draper predict Bitcoin's price could hit $250,000 by the end of 2025, citing its potential as a dominant global currency.

🔍 Key Factors Influencing BTC's Price

FOMC Meeting: The Federal Open Market Committee's decisions on interest rates can impact investor sentiment and Bitcoin's appeal as an alternative asset.

Market Sentiment: Positive news, such as progress in U.S.-China trade talks, has contributed to Bitcoin's recent surge.

ETF Activity: While Bitcoin ETFs experienced net outflows of $85.7 million on May 6, 2025, this could indicate market consolidation before the next upward move.

"The best investment you can make is in yourself." – Warren Buffett

🔑 Why Buy Bitcoin Now?

Institutional Adoption: With more institutions embracing Bitcoin, its legitimacy and long-term value grow.

Scarcity: Only 21 million Bitcoins will ever exist – demand is increasing while supply is limited.

Hedge Against Inflation: Bitcoin offers a unique hedge against inflation and the devaluation of traditional fiat currencies.

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