$BTC

As of May 7, 2025, Bitcoin (BTC) is trading at approximately $95,014, reflecting a slight daily increase of 0.22%.

Market Overview:

Price Movement: BTC has experienced a modest uptick, stabilizing around the $95,000 mark after recent fluctuations.

Resistance Levels: Analysts identify significant resistance near $99,900, where long-term holders might realize profits, potentially limiting upward momentum. (CoinDesk)

Support Levels: Key support is observed around $92,000, aligning with the 20-day simple moving average, serving as a critical short-term threshold. (Coin Edition)

Technical Indicators: The MACD has turned bearish, and the RSI is below 50, indicating potential short-term downward pressure. (Pintu: All-in-One Crypto App)

Investor Sentiment: A negative Coinbase Premium Gap suggests cautious sentiment among U.S. investors, possibly due to profit-taking or rotation into cash. (CryptoRank)

Institutional Activity: Despite recent corrections, institutional interest remains strong, with firms like Strategy and Metaplanet increasing their BTC holdings, signaling confidence in long-term growth. (Investor's Business Daily)

Overall, while short-term indicators suggest caution, long-term fundamentals and institutional adoption continue to support Bitcoin's growth trajectory.