#BTCPrediction

As of May 7, 2025, the price of Bitcoin is around $96,936, reaching an intraday high of $97,513 and a low of $93,587.

📈 Technical Analysis:

Resistance: The area between $96,000 and $100,000 continues to act as a supply zone, where historically there has been selling pressure.

Support: Levels of $91,800–$92,500 remain key support zones, formed as a result of previous consolidation and accumulation in April.

Indicators: On the 4-hour chart, the RSI indicator is in the neutral zone, indicating possible consolidation, while the MACD shows weak bearish momentum, requiring confirmation for a trend reversal.

🔮 Forecast:

Bullish Scenario: A breakout above $95,800 could open the way to the range of $97,400–$98,000.

Sideways Movement: Consolidation in the range of $93,500–$95,500 is most likely in the short term.

Bearish Scenario: A breakout below $91,800 may lead to testing support levels around $90,000.

Given the upcoming FOMC meeting, increased volatility in the market is expected.

For a more detailed analysis and charts, it is recommended to review the full overview on CoinEdition.