#BTCPrediction As of May 7, 2025, Bitcoin (BTC) is trading at approximately $96,964, marking a 2.89% increase from the previous close. The day's trading range spans from a low of $93,587 to a high of $97,513.

This upward movement is influenced by renewed optimism surrounding U.S.-China trade negotiations and anticipation of the Federal Reserve's policy decision. Crypto BasicTradingView

Technical indicators suggest that Bitcoin is approaching a critical resistance zone between $95,800 and $97,400. A breakout above this range could pave the way toward the psychological $100,000 mark. Coin Edition

However, caution is warranted as momentum indicators show signs of cooling, and trading volumes remain subdued. Support levels are identified around $91,800 to $92,500, providing a buffer against potential pullbacks.

Looking ahead, analysts project that Bitcoin could reach an average price of $112,602 in May, with potential highs up to $130,903, contingent on favorable market conditions and sustained investor interest. changelly.com

Overall, while the current trend is bullish, investors should remain vigilant of macroeconomic factors and market dynamics that could influence Bitcoin's trajectory.