Anticipated Bitcoin (BTC) Valuation as of May 8th

Rewritten Article:

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Read U.TODAY on Google NewsSellers seem weaker than buyers as of today, according to CoinStats.

BTC/USD

The price of Bitcoin (BTC) has increased by 2.41% over the last day.

At the hourly chart, the rate of BTC is falling after a false breakout of the local resistance of $99,828. With most of the ATR already passed, there's a low chance of seeing significant price movements by tomorrow.

XRP Price Prediction for May 7

Denys SerhiichukHowever, if the daily close is near $100,000, growth may continue to the $100,500 zone.

On the larger time frame, the price of the main crypto has broken the resistance of $97,470. If buyers manage to maintain the gained momentum and the candle closes a good distance from that level, growth may aim for the test of the $102,000 threshold.

From a mid-term perspective, the rate is still far from crucial levels. In this case, it's essential to focus on the nearest vital area of $100,000. If the weekly close is above it and with no long wick, the upward trend is likely to continue to the $105,000-$110,000 zone.

Bitcoin is trading at $99,302 at the moment.

#Bitcoin Price Prediction

Enrichment Data:

Overall:

To analyze the seller strength of Bitcoin (BTC) for May 7, 2025, it's crucial to consider several factors, including price movements, volume, and market sentiment. Here's a summary based on recent trends:

Price Movement:

Recent Price Action: Bitcoin has been hovering around $94,350 prior to the FOMC meeting, showing signs of volatility as it was recently denied from the $97,100 to $98,100 resistance zone[2].
Price Fluctuation: After a rejection, Bitcoin plunged nearly 4.5% before finding support, indicating potential for further price swings due to market news[2].

Volume and Support Levels:

Key Support Zone: The $93,000 level is a significant area of support where buyers need to demonstrate strength to trigger a rally. If this level is not maintained, Bitcoin risks a slide to the $81,000 to $88,400 zone, which presents opportunities for buyers[2].
Volume Distribution: About 70% of Bitcoin's trading volume occurred between $93,000 and $102,500, indicating robust support and resistance levels[2].

Market Sentiment:

Bullish Catalysts: The Bitcoin price saw a surge recently due to bullish catalysts such as ETF optimism and Michael Saylor’s new investment plans, which could bolster investor confidence in the mid-term[3].
Regulatory Environment: Recent ETF filings and regulatory developments have provided comfort to the markets, which may impact seller strength by increasing investor confidence[3].

Conclusion:

As of May 7, 2025, Bitcoin's seller strength is relatively moderate, with potential for increased activity if crucial support levels like $93,000 are breached. However, market sentiment remains bullish due to recent developments, which could help to counteract selling pressure. Keep an eye on volume and price movements at crucial levels to accurately assess seller strength.

Given the current market conditions, a potential decrease in Bitcoin (BTC) price might be predicted today, contradicting the recent 2.41% increase, as outlined by the falling rate at the hourly chart.
For crypto investors, it's important to consider the disclaimer before making any trading decisions, as U.Today bears no responsibility for financial losses incurred while investing in crypto, such as Bitcoin.
Despite the relatively moderate seller strength observed as of May 7, 2025, it's crucial to watch for potential breaches of crucial support levels, like $93,000, that could trigger significant seller activity and price movements.
To maximize profits, investors might want to consider Denys Serhiichuk's price prediction for May 7, where a daily close near $100,000 could lead to further growth toward the $100,500 zone.
It's essential to consult financial experts before making any investment decisions, as investing always carries a certain level of risk, especially in the volatile crypto market, and price predictions should be used as a guide rather than concrete predictions.

Anticipated Bitcoin (BTC) Valuation as of May 8th