As of May 7, 2025, Bitcoin (BTC) saw a notable price increase, reflecting market optimism ahead of the U.S. Federal Reserveโs monetary policy decision.
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๐ Price Snapshot
Current Price: $96,818
24-Hour Change: +2.21%
24-Hour High/Low: $97,513 / $93,587
1-Year Change: +53.32%
(Source: YCharts)
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๐ Key Market Highlights
Technical Support Zone: Bitcoin has turned the $92,000โ$93,000 range into a support zone.
Resistance Zone: Currently approaching a resistance level at $96,000โ$100,000.
Investor Sentiment: Positive sentiment is driving buyers into the market ahead of the Federal Reserveโs announcement.
(Source: CryptoRank, Cointelegraph)
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๐ Price Prediction Chart
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๐ฎ Outlook
If BTC breaks above $97,000, it could head toward the psychological $100,000 mark. However, key support lies around $92,000, which will be critical if bearish pressure returns.