btcpredictions

$BTC is retesting a crucial support area after its price slid 5% from the recent highs and fell below the $90,000 barrier. Some analysts have suggested that the cryptocurrency’s structure remains intact, but warned that it must bounce quickly or risk retesting the November lows.
$BTC Retests $88,000 After Rejection
On Friday, Bitcoin lost the recently reclaimed $90,000 level, falling to a key support area before stabilizing. The flagship crypto has been attempting to recover from the November market correction, which sent its price to a seven-month low of $80,600.
Since reaching its local lows two weeks ago, the cryptocurrency has traded within a macro re-accumulation range, between $82,000 and $93,500, attempting to break out of this zone on Wednesday, when it reached a multi-week high of $94,150.
However, as the first week of December approaches its end, BTC has lost the upper area of its local range again, falling below its monthly open and tapping the $88,000 support.
Amid the drop, Analyst Ted Pillows noted that BTC has been struggling to reclaim the $94,000 resistance, adding that price “wants to go lower here before another breakout attempt.”  Therefore, he suggested that a bounce back from the $88,000-$89,000 support zone is likely.
Altcoin Sherpa affirmed that the ongoing retest would confirm whether the recent bounce was “just lower highs and price is going lower or if we actually have any juice to bounce to like 100k or something.”
The analyst outlined two potential outcomes. In the first scenario, the flagship crypto would retrace to the $87,000-$89,000 area and bounce above the $93,000-$94,000 resistance levels.
In the second scenario, Bitcoin would continue to move sideways below the local resistance before eventually sliding to the November lows and potentially lower levels. Per the analysis, the leading cryptocurrency must bottom quickly, it will risk the second outcome.
$BTC Shows Shallowing Pullback Tendency
Analyst Rekt Capital also pointed out that Bitcoin continues to face rejection from the range high resistance. However, he considers that investors should not worry as long as the pullback isn’t as big as the previous ones.
If “the rejection is shallower than the previous two, then this resistance will continue to weaken until eventually breached,” he explained, adding that “as long as this weakening continues, BTC should be able to finally breach this resistance over time & try to challenge the multi-week Downtrend above.”
Earlier this week, the analyst affirmed that BTC’s consolidation structure will remain intact as long as Bitcoin closes the week above the range lows. He also noted that its Macro Downtrend, which “has been dictating resistance throughout this phase of the cycle,” remains the dominant structural barrier and the level to break.
As the price stabilized between the $88,500-$89,350 area, the analyst added that today’s retracement “continues to be a shallower pullback than the previous two,” which keeps the range “‘retrace shallowing’ tendency” intact.
He noted that Bitcoin could technically drop into the ascending two-week support trendline, or tap the $86,000 level and still perform a shallower correction than the recent 10% drop.
As of this writing, Bitcoin is trading at $89,400, a 2.9% decline in the daily timeframe.
#BTCPricePredictions
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#Bitcoin❗

The cryptocurrency market is once again showing signs of excitement, with BTC/USDT currently trading at $84,716.32, reflecting a +0.79% change in the last 15 minutes. While this might seem like a small jump, the underlying data paints a bigger picture that every trader should pay attention to.
24-Hour Market Overview:
High: $85,500.00Low: $83,275.00Volume: 17,424.96 BTC / 1.47B USDT
This 24-hour range suggests significant price fluctuations, with a clear resistance forming around the $85.5K level. Meanwhile, the local support zone seems to be holding near the $84,191 mark, as shown in the 15-minute candlestick chart.
Technical Indicators & Momentum:
The short-term candlestick pattern reveals a bullish recovery after a dip towards $84,191.17. The green candles dominating recent intervals indicate strong buying interest, potentially leading toward a breakout if resistance is breached.
MACD & RSI indicators (not fully visible but often crucial) likely support this bullish sentiment.
Today’s Gain: 1.72%Weekly Performance: +2.91%Monthly View: +0.61%1-Year Growth: +35.57%
Despite the 90-day loss of -15.14%, the long-term growth trajectory remains positive.
Order Book Sentiment:
The order book shows a 93.27% ask dominance, indicating a higher selling pressure. However, there’s still notable buying activity with live bids around $84,705.19 and $84,705.21—a sign that buyers are ready to support the price at this level.
So, what should you do?
If you're a day trader, this might be a good time to wait for confirmation—a clean break above $85,500 could signal momentum for a short-term long trade.
For swing or long-term investors, the price is still relatively stable within a healthy consolidation range. The long-term outlook, combined with institutional adoption and market sentiment, makes Bitcoin a valuable asset to hold or accumulate on dips.
Final Thoughts:
Always remember—markets are unpredictable. While charts and indicators provide clues, decisions should be based on a solid risk management strategy. Never invest more than you can afford to lose.

#BTC☀ #BTCAnalysi #BTCpredictions $BTC

May 7, 2025, 01:41 PM IST

Bitcoin ($BTC ) is hovering at $94,724 today, down 1.7% over the past week, as the crypto market grapples with a #MarketPullback. With the #FOMCMeeting underway and new legislative proposals like the #MEMEAct stirring debate, investors are eyeing whether $BTC can break the $100,000 mark this month. Here’s a real-time look at $BTC ’s price outlook and key drivers for May 2025.

BTC Price Outlook

Technical indicators show $BTC testing support at $94,000, with the 50-day EMA at $93,410 providing a crucial floor. The RSI is at 56, signaling cooling momentum, while a bearish MACD crossover hints at potential downside. On-chain data reveals long-term holders accumulating 254,000 BTC since the recent low, reflecting confidence, but negative spot volume delta suggests selling pressure. Analysts project a range of outcomes: a bullish scenario sees BTC hitting $120,904 by May 12 if it breaks $95,761 resistance, while a bearish case could see a dip to $90,000 if support fails.

Key Drivers: Regulation and Macro Factors

The #MEMEAct, introduced in February, aims to ban public officials from promoting digital assets like meme coins, but its broad scope could impact $BTC ’s perception as a speculative asset. Meanwhile, the #FOMCMeeting’s outcome, expected tomorrow, could sway markets. A hawkish Fed stance might pressure $BTC , while dovish signals could fuel a rally. Institutional interest remains strong, with MicroStrategy’s $41 billion BTC holdings and BlackRock’s ETF surpassing 1.1 million $BTC , but tariff concerns and a 0.3% GDP contraction in Q1 2025 add uncertainty.

Critical Perspective: Hype vs. Reality

While $BTC ’s “digital gold” narrative drives optimism, its 0.53 correlation with the Nasdaq shows it’s not fully detached from traditional markets. Regulatory moves like the #MEMEAct highlight ethical concerns but risk stifling innovation. $BTC ’s utility remains limited by high fees and slow transactions, pushing users toward alternatives like stablecoins, which could cap its growth if adoption doesn’t broaden.

Conclusion: A Pivotal Month Ahead

$BTC ’s path to $100,000 hinges on breaking $95,761 resistance and navigating regulatory and macro headwinds. Traders should watch the Fed’s signals and set stop-losses below $93,000 to manage risks. As the #BTCPrediction debate heats up, May 2025 could be a defining moment for Bitcoin’s trajectory.

#BTCpredictions

Changpeng Zhao (CZ), the founder of Binance, has recently made headlines with his bold predictions for Bitcoin's future. In a tweet dated January 3, 2025, CZ declared, "2025 will be a 'send it' year," signaling his optimism for the cryptocurrency market in the coming year. 
Despite Bitcoin's $BTC price dipping below $90,000 earlier this year, CZ remains unfazed. He humorously remarked that future headlines might lament a Bitcoin "crash" from $1,001,000 to $985,000, highlighting the increasing volatility as the market matures. 
Looking ahead, CZ envisions Bitcoin becoming a mainstream asset. He predicts that Bitcoin could eventually become the most widely held asset globally, with widespread adoption leading to a potential price of $850,000 per unit. 
CZ's insights underscore the dynamic nature of the cryptocurrency market and the growing influence of digital assets in the global financial landscape. #BTCpredictions
🧾 The MEME Act: A Legislative Response to Presidential Meme Coins
In response to concerns over the ethical implications of presidential involvement in cryptocurrency ventures, Representative Sam Liccardo introduced the Modern Emoluments and Malfeasance Enforcement Act (MEME Act). This bill aims to prohibit the president, members of Congress, and other senior officials, along with their families, from issuing or endorsing digital assets like meme coins and stablecoins. The legislation also proposes allowing private investors to sue for losses incurred from such ventures to ensure accountability.  $TRUMP #MEMEAct2025
What do you think?