#BTCPrediction Bitcoin Price Prediction & Market Insights 🚀**

**Current BTC Price (2025-05-08):** ~$94,300 .

**Prediction:**

Based on Elliott Wave Theory, Bitcoin is currently in an *ABC correction phase*, with potential support at **$73,969** before resuming its bull run toward new highs . Analysts also highlight key CME gaps:

- **Upside target:** $96,480–$97,300

- **Downside risk:** $91,990–$93,400 (may fill before upward movement) .

**Technical Outlook:**

- A daily RSI above **70** is critical for bullish momentum; failure to break this level could signal short-term bearish pressure .

- Long-term support at **$90,000** could trigger a bounce to **$102,096** .

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