As of May 7, 2025, the price of Bitcoin (BTC) is approximately $96,800, having risen about 26% in the past month, with market sentiment leaning towards greed. In the short term, analysts predict that BTC may rise to $121,000 before May 12, an increase of about 25%. The mid-term forecast is even more optimistic, with some institutions like Unchained predicting that BTC could reach $250,000 by the end of the year, and some traders betting on a target price of $300,000 in the options market. These bullish expectations are mainly driven by institutional investors increasing their holdings, macroeconomic uncertainty, and the strengthening of Bitcoin's status as digital gold. However, the technical aspect shows that trading volume has not significantly increased, so attention should be paid to the risk of a pullback.