#BTCPrediction As of May 7, 2025, Bitcoin (BTC) is trading at approximately $97,204 USD, reflecting a 3.04% increase over the past 24 hours.

This upward movement is attributed to renewed optimism surrounding U.S.-China trade negotiations, which has bolstered investor confidence in risk assets like cryptocurrencies.

In the short term, Bitcoin faces a significant resistance level around $98,000. A decisive break above this threshold could pave the way for a push toward the $100,000 mark. Conversely, if the price fails to surpass this resistance, a consolidation or pullback may occur, with support levels near $94,000.

Investors should also monitor upcoming macroeconomic events, such as the Federal Open Market Committee (FOMC) meeting, which could influence market dynamics and impact Bitcoin’s price trajectory. $BTC