#BTCPrediction

As of May 7, 2025, Bitcoin (BTC) is trading around $96,768, marking a significant rebound from its April lows. This surge is attributed to factors such as institutional investments, favorable technical indicators, and macroeconomic developments.

Short-Term Outlook (May–June 2025):

Bitcoin has recently broken out from a descending channel and pennant pattern, signaling bullish momentum. Critical resistance levels lie at $100,000 and $107,000, while support levels to watch during pullbacks are $92,000 and $85,000.

Analysts predict that Bitcoin's price could fluctuate between $94,301.60 and $130,903.69 in May 2025, with an average rate around $112,602.65.

Mid-Term Forecasts (2025):

Standard Chartered projects Bitcoin could reach $120,000 in Q2 2025, citing economic uncertainties and growing institutional adoption.

Joe Burnett from Unchained forecasts Bitcoin could hit $250,000 by the end of 2025, emphasizing its superior monetary properties and potential for a "sovereign race" for Bitcoin acquisition among nations.

Anthony Scaramucci predicts Bitcoin will reach $200,000 in 2025, seeing significant growth this year.