Bitcoin (BTC) Market Update – May 8, 2025
Bitcoin continues its bullish momentum, trading around $98,714, marking a 2.38% increase over the past 24 hours. This surge follows the Federal Reserve's recent decision to maintain interest rates, bolstering investor confidence.
Analysts are eyeing the $100,000 threshold as the next significant resistance level. Should BTC break through, it could signal a strong continuation of the current uptrend.
Trade Signal: Given the prevailing market conditions, a long position is advisable. Consider entering around $98,000, with a target of $102,000 and a stop-loss at $95,000.
#btcprediction
*Note: Always conduct your own research and consult with financial advisors before making investment decisions.*
