#BTCPrediction As of May 7, 2025, Bitcoin (BTC) is trading at approximately $96,582, reflecting a 2.27% increase from the previous day.
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🔮 Short-Term Outlook
Analysts present varying short-term predictions for BTC:
• Binance projects a modest increase to around $96,607.50. 
• Changelly offers a more optimistic forecast, anticipating a rise to approximately $94,301.60.
• CoinDCX predicts a slight decline to about $99,650. 
These forecasts suggest potential for both upward and downward movements, highlighting market uncertainty.
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📊 Technical Analysis
BTC recently broke above a descending trendline, turning the $92,000–$93,000 range into a support zone. However, it currently faces resistance between $96,000 and $100,000, a historically significant supply area. 
The MACD indicator has shifted to a bearish stance, and the Coinbase Premium has decreased, indicating cautious sentiment among U.S. investors. 
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🏦 Macro Factors
The Federal Reserve’s FOMC meeting concludes today, with expectations of maintaining the current interest rate range of 4.25%–4.50%. The Fed’s decision and subsequent statements could influence BTC’s price direction. 
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📈 Market Sentiment
Bitcoin’s dominance in the cryptocurrency market has reached a four-year high, suggesting increased investor preference for BTC over altcoins amid market uncertainties. 
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⚠️ Key Levels to Watch
• Support: $92,000–$93,000 
• Resistance: $96,000–$100,000
Monitoring these levels can provide insights into potential price movements in the near term. 
