As of May 7, 2025, Bitcoin (BTC) is trading around $97,000 USD, showing an increase of 3.39% in the last 24 hours. This increase is partly attributed to progress in trade negotiations between the U.S. and China.
📈 Short-term Prediction
According to CoinCodex, the price of BTC is expected to reach $121,243 USD by May 12, 2025, which would represent an increase of 24.86% in the next five days. Market sentiment is bullish, with a "Fear and Greed" index of 67 (greed).
🔍 Key Technical Levels
Supports: $94,545, $92,265, and $91,094
Resistances: $97,996, $99,167, and $101,447
Bitcoin is in a consolidation channel, testing the upper limits of its recent range, suggesting a possible bullish breakout.
📅 Outlook for 2025
Changelly: Predicts an average price of $132,545 for 2025, with a minimum of $100,183 and a maximum of $116,364.
Unchained: Joe Burnett projects that BTC could reach between $200,000 and $250,000 this year, driven by favorable macroeconomic conditions and increasing institutional adoption.
CoinDCX: Estimates that BTC could close May between $98,200 and $99,500, maintaining a moderate upward trend.
⚠️ Considerations
The cryptocurrency market is highly volatile, and predictions can change rapidly. It is essential to conduct your own analysis and consider professional financial advice before making investment decisions.