#BTCPrediction

Bitcoin Analysis Today - May 7, 2025

Current Price:

$96,805 (up 3.2% in 24 hours)

Technical Analysis:

Trend: Bullish

50-Day Moving Average: Support for positive momentum

MACD: Positive crossover

RSI: In neutral territory

Support and Resistance Levels:

Support: $94,545 and $92,265

Resistance: $97,996, $99,167, and $101,447

Forecast:

Price is expected to increase by 24.86% to reach $121,243 by May 12, 2025

Summary:

Bitcoin is on an upward path supported by technical indicators, with the possibility of continued rise if the nearby resistance is broken.