#BTCPrediction #BTCpredictions
Here’s a 24-hour Bitcoin ($BTC ) price outlook based on current technicals, sentiment, and macro events:
Current Snapshot (May 7, 2025)
Price: ~$96,400
24h Range: $93,587 – $97,513
Trend: Bullish but cautious
Key Event: FOMC meeting today – potential catalyst for volatility
Short-Term Prediction (Next 24 Hours)
Bullish Scenario
Target: $98,000–$100,000
Catalyst: If the Fed hints at rate cuts or a dovish pause, markets will likely rally across risk assets, and BTC could surge to test psychological resistance at $100K.
Neutral/Consolidation Scenario
Target: $94,500–$96,800
Catalyst: If FOMC offers mixed signals or sticks to previous tone, BTC could range sideways as traders digest macro data.
Bearish Scenario
Target: $91,000–$93,500
Catalyst: Hawkish Fed remarks or unexpected regulatory noise could trigger a risk-off reaction and short-term pullback.
Key Levels to Watch
Support: $93,500 / $91,000
Resistance: $97,500 / $100,000
Critical Zone: $96,000–$96,800 (pivot area)
Trade Tip
Expect volatility around the FOMC statement (likely in the afternoon EST).
Consider tight stop-losses and lower leverage until after the event.