Bitcoin Traders Prepare for Potential Downtrend Amid Market Uncertainty Bitcoin $BTC traders are bracing for a possible downtrend as market uncertainty grips the crypto space on May 7, 2025. After slipping below $95,000 earlier this week, Bitcoin is hovering around $94,500, with analysts warning of further declines to key support levels at $92,500 or even $89,000. The Federal Reserve’s upcoming comments on economic projections and rate cuts are fueling caution, while macro factors like U.S.-China trade tensions and geopolitical unrest—such as the U.S.-Iran nuclear talks resuming in Oman—add to the risk-off sentiment. Despite $1.81 billion in Bitcoin ETF inflows last week, technical indicators like a bearish MACD cross and slipping market cap suggest traders are on edge, with some on X noting soft price action and neutral technicals.![Image]: A candlestick chart of Bitcoin’s price dipping below $95,000, with a bearish MACD cross highlighted, set against a backdrop of a tense global market map. (Source: CoinDesk)I generated this image with the prompt: 'A candlestick chart of Bitcoin’s price dipping below $95,000, with a bearish MACD cross highlighted, set against a backdrop of a tense global market map, capturing the uncertainty of May 2025.'
