$BTC is currently navigating a period of moderate volatility around the $94,000 - $96,000 range as of Tuesday evening, May 6, 2025, in Carupano, Venezuela. After a notable surge in April, BTC faced resistance around the $97,000 mark and has since retraced slightly.

Technical analysis suggests a potential decision point as BTC trades between key supply clusters. Some indicators show bearish momentum in the short term, with support levels around $93,500 being closely watched. Conversely, historical data around halving events (the last being in April 2024) often suggests bullish potential in the longer term due to reduced supply, although this isn't guaranteed.

The market is also sensitive to macroeconomic factors and the upcoming FOMC meeting. Investors are weighing potential interest rate decisions and their impact on risk assets like Bitcoin. Overall, exercise caution and conduct thorough research before making any trading decisions.