May 7, 2025 — Bitcoin (BTC) surged past $97,000 this week, gaining over 3.7% in 24 hours as institutional interest spikes. BlackRock’s $37.8M BTC buy signaled strong market confidence, pushing prices closer to the long-anticipated $100K mark.
Key Drivers:
Institutional buying (BlackRock, others)
Strong on-chain accumulation, low exchange supply
BTC seen as a hedge amid inflation fears
Short-Term Outlook:
BTC may test $100K soon. If it breaks through, targets move to $105K–$112K. If not, expect a pullback to $92K–$94K.
Risks:
U.S. regulatory delays
Macro uncertainty
Altcoin volatility
Summary:
Momentum favors a BTC rally to $100K, but traders should watch key resistance and policy developments.
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