As of this moment, $BTC is consolidating near $94,700, with intraday volatility showing a tight range between $94,200 and $95,100. On-chain data indicates a slight uptick in whale activity, with 12,300 $BTC moved to cold storage in the past 48 hours, suggesting accumulation by large holders. However, futures open interest has dropped 3.2% since yesterday, hinting at reduced leverage in the market. The Bollinger Bands on the 4-hour chart are narrowing, often a precursor to a significant price move, while the Stochastic Oscillator at 62 leans neutral but edges toward bullish territory.
$BTC is at a crossroads in May 2025. A breakout above $95,200 could ignite a rally toward $100,000, but failure to hold $94,200 might trigger a pullback to $92,800 or lower. Investors should monitor Fed signals, legislative updates, and whale activity closely. For traders, setting a buy order near $94,300 with a stop-loss at $93,800 could capitalize on a potential upward move while managing risk. As always, caution is key in this volatile market.
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