As of May 7, 2025, Bitcoin (BTC) is trading near the $96,500 mark, showing a strong upward trend. The price peaked at $97,583.91, highlighting growing investor interest ahead of the U.S. Federal Open Market Committee (FOMC) decision.

Current technical levels:

Support: $94,000 and $92,500

Resistance: $98,500 and the psychological level of $100,000

Despite short-term volatility, the fundamental indicators remain strong. About 88% of the BTC supply is in profit, and the RPLR index exceeds 1.0, indicating positive market sentiment.

However, it is worth noting the decrease in Coinbase Premium to -5.07, which may indicate caution among American investors.

Forecast for May:

If BTC breaks through the resistance at $98,500, the next target may be $100,000. In case of a pullback, it is important to monitor the support levels at $94,000 and $92,500.

#BTCPrediction: Bitcoin on the verge of a new all-time high. Will it surpass $100K in the coming days? #BTCPrediction