#BTCPrediction drama!”
Bitcoin (BTC) is in a highly volatile region following the FOMC meeting at the beginning of May. Large capital remains on the sidelines, causing prices to fluctuate around the $90,000 - $96,000 mark. However, this won't last long. On-chain data shows that the amount of BTC withdrawn from exchanges is increasing again – a sign that large wallets are accumulating.
Many experts predict that BTC will have a major breakout next week, as market sentiment stabilizes after macro news. If it crosses $98,000, BTC could regain upward momentum towards $99K. Conversely, if it loses the $94,000 support level, the market may test back to the $96k region.
This is the time for investors to remain calm, look for reasonable entry points, and not FOMO into the crowd.