#MostRecentTrade #BTCpredictions #BTCPrediction
As of May 7, 2025, Bitcoin (BTC) is trading at $96,968, reflecting a 2.87% increase over the past 24 hours. The day's trading range spans from a low of $93,587 to a high of $97,513.
š Bitcoin Price Forecast (May 7, 2025)
Short-Term Outlook:
Blockchain News
Bullish Scenario: If Bitcoin maintains momentum above the $95,800ā$97,400 range, it could challenge the $100,000 resistance level.
Coin Edition
Neutral Scenario: Consolidation is likely between $93,500 and $95,500, with traders awaiting further market cues.
Coin Edition
Bearish Scenario: A drop below $91,800 may lead to a test of the 21-day EMA, indicating potential short-term weakness.
Coin Edition
Mid-Term Outlook:
Analysts predict Bitcoin could reach $109,575 by June 5, 2025, marking a 16.23% increase from current levels.
CryptoRank
The Fear & Greed Index stands at 59 (Greed), suggesting a bullish market sentiment.
CryptoRank
š Key Support and Resistance Levels
Support: $92,000ā$93,000
Resistance: $96,000ā$100,000
A decisive move above $100,000 could signal a strong bullish trend, while a fall below $92,000 may indicate a potential downturn.
CryptoRank
š¼ļø Visual Insight
Bitcoin's price trajectory approaching the $100K resistance level.
Note: Market conditions are dynamic. It's essential to stay updated with real-time data and consult financial advisors before making investment decisions.
