$BTC

As of May 7, 2025, the price of Bitcoin (BTC) is approximately $96,977, with intraday fluctuations ranging from $93,587 to $97,513, showing a slight upward trend.

Technical analysis indicates that BTC is currently facing strong resistance around the $97,880 mark. If this level can be broken, the next target may point towards $100,000 or even higher. However, if it fails to break effectively, the price may retreat to $90,000 or lower.

On the fundamental side, recent Bitcoin ETFs have continued to attract capital inflows, indicating that institutional investors' confidence in the market is strengthening. Additionally, the market is generally focused on the upcoming Federal Reserve FOMC meeting, as its policy decisions may have a significant impact on Bitcoin prices.

Overall, Bitcoin may oscillate between $90,000 and $97,000 in the short term. Investors should closely monitor market dynamics, particularly technical breakthroughs and fundamental news, to assess the future trend of BTC.