#BTCPrediction is currently trading at $96,603, reflecting a 2.3% increase today. Analysts anticipate continued bullish momentum, with projections suggesting BTC could reach $104,342 by May 8, 2025. Some forecasts even envision a rise to $109,575 by early June. 
This optimism is fueled by factors such as institutional investments, including significant BTC acquisitions by firms like Strategy and Semler Scientific, and potential regulatory shifts. Technical indicators also support this outlook, with Bitcoin recently breaking out from a descending channel, signaling strong upward momentum. 
However, caution is advised. Dormant wallets have become active, and if these holdings are moved to exchanges, it could increase selling pressure. Additionally, while the market sentiment is currently in the ‘greed’ zone, volatility remains a constant in the crypto space. 
In summary, while the short-term outlook for Bitcoin appears positive, investors should remain vigilant and consider both the potential rewards and risks.
