$BTC As of May 6, 2025, Bitcoin (BTC) is trading at approximately $94,087, reflecting a slight decline of 0.52% over the past 24 hours. The day's trading range has seen lows of $93,702 and highs reaching $95,118.
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📊 Market Overview
Recent Price Movement: After peaking near $97,900 on May 2, Bitcoin has experienced a modest pullback, stabilizing around the $94,000 mark. This consolidation suggests a pause in the recent uptrend, with traders watching for potential breakout or breakdown scenarios.
Institutional Activity: Institutional interest remains strong. Notably, Strategy™ (formerly MicroStrategy) has increased its holdings to over 555,000 BTC, signaling continued confidence in Bitcoin's long-term value proposition.
ETF Flows: Bitcoin ETFs have seen mixed flows. While May 5 recorded net inflows of $425.5 million, May 6 saw Fidelity's Bitcoin ETF experience a net outflow of $57.8 million, indicating short-term investor caution.
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🔮 Outlook
Analysts are closely monitoring the $96,000 to $100,000 resistance zone. A decisive move above this range could signal a continuation of the bullish trend, while failure to break through may lead to further consolidation or a potential retracement.
Additionally, upcoming economic events, such as the Federal Reserve's policy decisions, could influence market sentiment and Bitcoin's price trajectory.
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