$BTC As of May 8, 2025, Bitcoin (BTC) is trading around $99,567, showing strong bullish momentum. Here's an analysis of its potential trajectory for the upcoming week:
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📈 Short-Term Forecast (May 9–15, 2025)
Projected Price Range: Analysts anticipate BTC could reach between $121,243 and $123,460 by mid-May, representing a potential 20–24% increase from current levels.
Key Resistance Levels: The $100,000 mark remains a significant psychological barrier. Surpassing this could pave the way toward $107,000 and potentially $120,000.
Support Levels: Should a pullback occur, strong support is expected around $92,000 and $85,000.
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📰 Market Drivers
Institutional Adoption: Major financial institutions like Morgan Stanley are exploring spot cryptocurrency trading, indicating growing institutional interest.
Macroeconomic Factors: Recent U.S. trade policies have led investors to view Bitcoin as a hedge against traditional market volatility.
Technical Indicators: Bitcoin has broken out from a descending channel, signaling bullish momentum. However, lower trading volumes suggest caution.
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🔮 Long-Term Outlook
2025 Projections: Experts forecast Bitcoin could reach between $150,000 and $250,000 by the end of 2025, driven by increased adoption and favorable market conditions.
