Bitcoin's current price is $96,780, with a 2.50% increase. Given the current market volatility, here's a breakdown of potential price movements:
- Short-term Prediction: Bitcoin's price may fluctuate 2-5% in either direction within the next 24 hours, influenced by market sentiment, macroeconomic trends and technical indicators.
- Support Zone: BTC is sitting near a key support zone, with the 50-day moving average providing a potential buffer.
- Resistance Level: If bullish momentum continues, a short-term climb toward resistance near recent peaks could occur, potentially pushing prices up.
Price Forecast for the Next Few Days
- May 7, 2025: Potential low of $94,506.48, average price of $94,547.28, and potential high of $94,778.04
- May 8, 2025: Potential low of $94,528.65, average price of $94,590.02, and potential high of $94,937.21
Long-term Prediction
- 2025: Average price of $115,000, potential low of $87,000 and high of $200,000
- 2026: Average price of $175,228.01, potential low of $134,845.28 and high of $215,610.75
- 2030: Average price of $1,245,471.16, potential low of $404,323.12 and high of $3,118,452.00
Keep an eye on major news, technical indicators and market dynamics to make informed investment decisions.
