#BTCPrediction Bitcoin Price Prediction – May 7, 2025

Bitcoin (BTC) is trading at approximately $96,901, having briefly surged to $97,500 earlier today before a slight pullback. This movement comes ahead of the U.S. Federal Reserve's FOMC meeting, where interest rate decisions could influence market dynamics.

Short-Term Outlook:

Bullish Scenario: If BTC maintains momentum, it could test the $100,000 resistance level.

Bearish Scenario: A dip below $95,000 might lead to a consolidation phase around $90,000.