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On May 5, 2025, Bitcoin is trading at $94,326, recording a decline of 1.66% from the previous day (source). Technical analysis shows that the price faces strong resistance at the $100,000 level, which is an important psychological barrier, while the $74,500 level is a key support (source).
Markets expect a short-term correction, with a possibility of re-testing the $93,000 level, coinciding with the anticipation of important U.S. economic data such as the Federal Reserve meeting and unemployment claims (source).
Despite these challenges, investors remain optimistic, especially with more than $3 billion flowing into Bitcoin investment funds. There are also bets in the options market on the price rising to $300,000 by June 2025 (source).