#BTCPrediction As of May 8, 2025, Bitcoin (BTC) is trading at approximately $97,050, reflecting a modest increase of 0.20% over the past 24 hours.

Analysts are closely monitoring the $99,900 resistance level, where significant selling pressure has been observed. A successful breakout above this threshold could pave the way for BTC to approach the $100,000 mark. Conversely, if BTC fails to surpass this resistance, it may retrace to support levels around $94,000.

Looking ahead, some forecasts suggest that Bitcoin could reach $121,243 by May 12, 2025, representing a potential 24.86% increase. However, such projections are speculative and depend on various market factors, including macroeconomic indicators and investor sentiment.

In the long term, optimistic scenarios envision BTC prices soaring to $250,000 by the end of 2025, driven by institutional adoption and favorable monetary policies. Nevertheless, these predictions are subject to change based on market dynamics.

Summary:

Current Price: ~$97,050

Resistance Level: $99,900

Support Level: $94,000

Short-Term Prediction: Potential rise to $121,243 by May 12

Long-Term Outlook: Possible surge to $250,000 by end of 2025