#CryptoComeback As of May 10, 2025, Bitcoin (BTC) is trading at approximately $103,205, reflecting a 0.34% increase over the past 24 hours.
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📉 Recent Pullback: Causes and Context
Bitcoin experienced a slight decline earlier this week, dipping to around $93,788. Several factors contributed to this pullback: 
• Federal Reserve Policy Uncertainty: Investors are closely watching the Federal Reserve’s upcoming interest rate decision. A potential rate cut could boost risk assets like Bitcoin, while maintaining current rates might lead to market stagnation. 
• Gold’s Safe-Haven Appeal: As global economic uncertainties rise, investors have turned to gold, which has seen a nearly 5% increase week-to-date, diverting attention and capital from Bitcoin. 
• Technical Indicators: Bitcoin’s MACD indicator has shown bearish signals, suggesting a potential slowdown in momentum. If BTC fails to hold above the $93,500 support level, it could test lower levels around $91,600 or even dip into the $88,000–$90,000 range. 
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🔮 Outlook: Consolidation or Further Decline?
While Bitcoin has rebounded above $100,000, analysts caution that the market remains sensitive to macroeconomic factors. A dovish stance from the Federal Reserve could reignite bullish momentum, potentially pushing BTC towards $108,000–$110,000. Conversely, hawkish signals or unfavorable economic data might lead to further consolidation or a retest of lower support levels.
