#BTCPrediction

Below is the latest update on Bitcoin (BTC) prices as of May 7, 2025:

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📈 Current price:

• BTC: $98,054

• 24h change: +0.57%

• Daily range: $95,959 – $98,061

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🔍 Technical analysis:

• Support: $96,226

• Resistance: $97,717  

BTC is currently trading between $96,226 and $97,717. Breaking this resistance level could pave the way for the price to reach $100,000.

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📰 Notable news:

• Metaplanet buys an additional 555 BTC: Japanese company Metaplanet has purchased an additional 555 BTC worth approximately $53.5 million, raising its total BTC holdings to 5,555. 

• Fed keeps interest rates unchanged: The U.S. Federal Reserve (Fed) has decided to keep interest rates steady, which has boosted positive sentiment in the cryptocurrency market. 

• ‘Age Consumed’ index drops significantly: On-chain data shows that Bitcoin's ‘Age Consumed’ index has dropped over 90% in the past 48 hours, indicating long-term investors are holding their positions, reinforcing the bullish trend. 

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📌 Commentary:

With the combination of technical factors and positive news, Bitcoin has a chance to reach the $100,000 mark in the near future. However, investors should closely monitor macroeconomic factors and market fluctuations to make reasonable decisions.