As of May 7, 2025, Bitcoin is trading around $97,000, showing a steady upward trend. Let's consider forecasts for the remainder of May:
Forecasts for May 2025
CoinCodex: An increase to $121,243 is expected by May 12, reflecting a 24.8% increase from the current price. The average projected price for May is $121,644, with a possible maximum of up to $133,345.
Binance: Predicts a gradual price increase to $97,410 by June 6, suggesting steady growth without sharp jumps.
CoinDCX: Suggests that Bitcoin may reach $102,350 by May 9 and end the month in the range of $98,200–$99,500.
Technical Analysis
Bitcoin recently broke through the descending channel and the 'pennant' pattern, indicating bullish momentum. Key resistance levels are at $100,000 and $107,000, while support levels are at $92,000 and $85,000.
Macroeconomic Factors
Fed Policy: The U.S. Federal Reserve kept interest rates unchanged at 4.25%–4.5%, despite slowing GDP growth and inflation concerns.
Institutional Investments: Large companies like MicroStrategy continue to increase their Bitcoin portfolios, contributing to growing trust in cryptocurrency.
Conclusion
Forecasts for May 2025 are generally optimistic, with an expected Bitcoin price increase to the range of $98,000–$133,000. However, investors should consider potential fluctuations related to macroeconomic events and technical resistance levels. It is recommended to closely monitor market dynamics and news to make informed investment decisions.
