Bitcoin $BTC Weekly Outlook (May 6–12, 2025)

Bitcoin ($BTC ) is currently showing signs of consolidation, trading between $94,000 and $100,000. After a slight rebound, the price is hovering around $98,000–$99,000, reflecting cautious optimism among traders.

Key Levels to Watch:

Resistance Zone: $100,000 remains a psychological and technical resistance. A clear breakout above this level could trigger a move towards $106,000.

Support Zone: The $94,000–$95,000 range is acting as a strong support. A break below this could lead to a slide toward $92,500 or even $90,000.

Technical Indicators:

MACD is showing a potential bullish crossover, hinting at upward momentum.

RSI is neutral around 50, suggesting indecision and a wait-and-watch approach by the market.

Market Sentiment:

While long-term fundamentals remain strong, short-term liquidity and demand are weak. Traders are advised to stay cautious and monitor volume closely.

This week could be decisive for $BTC . A strong push above $100K may open the doors to new highs, while failure to hold $94K could result in further downside. Stay alert and manage your risk carefully.