On May 7, 2025, Bitcoin experienced notable fluctuations in its price. While it rose during the American session to trade near the level of $97,000, cautious calm prevailed in the market at the end of the day.
Despite this slight increase, analysts still see that short-term volatility does not reflect the long-term trend of the currency, as demand is the main driver of its price. Bitcoin saw an increase of 2.77% over the past week, and a significant increase of 23.62% over the past month.
Historically, the price of Bitcoin reached its lowest level of $2 in 2011, while estimates suggest it could rise to between $60,905 and $78,943.37 by 2025, with more optimistic forecasts predicting it could reach $132,243.73 or more.
On another note, some analysts believe that Bitcoin has started to decouple from U.S. tech stocks, with expectations of it rising above the $90,000 level in 2025. In contrast, others see its rise depending on breaking the resistance level at $70,000.
Overall, the future of Bitcoin remains fraught with volatility and uncertainty, yet it continues to attract significant interest from both investors and institutions alike.