Bitcoin Levels – May 7, 2025: Navigating Key Support and Resistance Zones
As of May 7, 2025, Bitcoin (BTC) is trading around $97,059, reflecting a 3.5% intraday gain.
Resistance Levels:
$98,000: A significant resistance point; a breakout above this level could catalyze a move toward the psychological milestone of $100,000.
Support Levels:
$95,000: Identified as a critical support level; maintaining above this could sustain bullish momentum.
$92,000: Serves as a key support zone; a drop below may indicate increased bearish pressure.
Traders are closely monitoring these levels to inform their strategies, as Bitcoin's price action continues to exhibit volatility amid evolving market dynamics.
