#BTCPrediction 🍒🍒🍒

Bitcoin's current price is $96,920.01, with a closing price of $96,557.31 on May 7, 2025. Given the technical snapshot, key points to watch are ¹:

- *Support Zone*: Bitcoin is hovering near a crucial support zone, with the 50-day moving average acting as a potential safety net.

- *Breakout Potential*: A breakout in bullish momentum could push prices toward recent highs.

- *Sell Pressure*: Mounting sell pressure may drive a retest of lower support levels.

- *Market Sentiment*: Sentiment is cautiously optimistic, with traders watching for updates on regulation and institutional moves.

- *Funding Rates and Futures Data*: Mixed leverage reflects ongoing uncertainty.

- *Short-Term Outlook*: Expect price swings of 2-5% in either direction, and stay alert for sudden news and economic signals.

*Key Factors to Watch*:

- *Global Sentiment*: Global market sentiment and macroeconomic factors like U.S. interest rate forecasts and inflation data will influence Bitcoin's price.

- *Regulatory Updates*: Regulatory developments and institutional moves will impact market sentiment.

- *Technical Indicators*: Keep an eye on Bitcoin's 50-day moving average and support levels for potential price movements.