Bitcoin Price Outlook: May 2025 and Beyond
As of May 7, 2025, Bitcoin (BTC) is trading around $97,009, reflecting a 3.5% intraday gain.
Analysts offer varied projections for BTC's trajectory:
Short-Term Forecast: Binance anticipates a 5% increase over the next 30 days, potentially reaching $97,518.76.
Mid-Term Outlook: Changelly predicts BTC could average $112,602.65 in May, with potential highs of $130,903.69.
Long-Term Projections: Joe Burnett of Unchained forecasts BTC hitting $250,000 by year-end, citing institutional adoption and macroeconomic factors.
Technical indicators show bullish momentum, with BTC breaking out from a descending channel. However, lower trading volumes suggest caution.
Investors should monitor key resistance at $100,000 and support levels around $92,000. While optimism prevails, market volatility remains a factor.
