$BTC 📊 Bitcoin Market Update – May 6, 2025 🗓️

BTC Price: $94,468 📉

24h Change: -0.17%

24h Range: $93,702 – $95,118

Market Cap: $1.86T

Volume (24h): $22.4B

Bitcoin is currently consolidating just below the $95K resistance level, following a recent high of $97K. Despite a slight pullback, institutional interest remains strong, with BlackRock's Bitcoin ETF recording significant inflows on May 5, 2025 . This suggests continued confidence in BTC's long-term prospects.

However, network activity has stagnated, and momentum indicators are cooling off, indicating potential short-term volatility . Traders should monitor key support levels at $92,000 and $89,000, as a drop below these could signal further downside .

Key Levels to Watch:

Resistance: $95,666 – $97,300

Support: $92,500 – $89,000

Stay informed and manage your risk accordingly. 📈