$BTC Faces Critical Juncture: Consolidation or Breakout?

As of May 5, 2025, Bitcoin ($BTC ) is trading around $94,000, experiencing a slight dip of approximately 1.5% from the previous day. Despite this, institutional interest remains robust, with Bitcoin investment products attracting $1.8 billion in inflows last week, signaling strong confidence in the asset’s long-term potential. 

Technical indicators present a mixed picture. The Relative Strength Index (RSI) stands at 42, suggesting a neutral to slightly oversold condition, while the price hovers just below the 50-day Moving Average of $96,200. 

Notably, the options market is showing bullish sentiment, with some traders betting on Bitcoin reaching $300,000 by June 2025. 

What do you think?

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