Bitcoin (BTC)

* Bitcoin price is 96981.0 USD currently with a change of 2716.00 USD (0.03%) from the previous close.

* The intraday high is 97513.0 USD and the intraday low is 93587.0 USD.

As of May 7, 2025, Bitcoin (BTC) is trading around \$96,981, with intraday highs reaching \$97,513 and lows near \$93,587. The recent surge is attributed to bullish positioning ahead of the Federal Reserve's FOMC meeting, where interest rate decisions are anticipated to impact market dynamics.

Bitcoin futures for May 2025 are reflecting this optimism, with prices hovering between \$94,730 and \$97,795.

However, technical indicators suggest caution. The MACD shows weak bearish momentum, and the Bollinger Bands indicate a potential volatility squeeze, signaling a possible directional move soon.

Investors are advised to monitor the \$96,000–\$100,000 resistance zone closely, as it has historically acted as a supply area, potentially capping further upside.

The outcome of the FOMC meeting will be pivotal in determining Bitcoin's short-term trajectory. $BTC