Disclaimer: This is not investment advice. The information provided is for general purpose only. The information, materials, services or other content provided on this page does not constitute solicitation, recommendation, approval, or financial, investment, or other advice. Seek independent professional consultations in the form of legal, financial and financial advice before making an investment decision.
- Bitcoin is up 3.27% against the US dollar today
- Bitcoin is currently 18.56% below forecast on May 6, 2025
- Bitcoin rose 16.44% last month, up 69.06% from a year ago
BTC prices are expected to rise 23.88% over the next five days, according to Bitcoin price forecast
It’s trading at $96,992 after winning 3.27% in the last 24 hours. The coins were better than the cryptocurrency market. This is because the market capitalization of the total crypto increased by 2.65% over the same period.
According to Bitcoin price forecasts, BTC is expected to reach a price of $119,095 by May 6, 2025. This represents a 23.88% price increase in BTC over the next five days.
BTC Price Prediction Chart
Buy/sell Bitcoin
What’s going on with Bitcoin over the last 30 days?
Bitcoin has recently shown a positive trend as coins have increased by 16.44% over the past 30 days. Bitcoin’s medium-term trend has been bearish, with BTC down -7.21% over the past three months. The long-term image of Bitcoin was positive as BTC currently shows a one-year price change of 69.06%. On this day last year, BTC was trading at $57,371.
Bitcoin reached its highest ever price on January 20, 2025, when BTC prices peaked at $109,079. The current BTC cycle high is $97,409, while the low cycle cycle is $74,530. BTC has recently shown low volatility. The monthly volatility of the coin is 6.07. Bitcoin has recorded 18 green days in the last 30 days.
Today’s Bitcoin Technical Analysis – May 1, 2025
The sentiment in the Bitcoin market is currently bullish, and Fear & Greedy indicators are reading neutral. The most important levels of support to watch are $93,147, $92,077 and $91,062, with $95,232, $96,247 and $97,317 key resistance levels.
Bully sentiment towards Bitcoin
27 indicators currently show bullish predictions for Bitcoin, while six indicators show bearish predictions. 82% of indicators support positive predictions. This makes it all strong Bitcoin emotion.
Crypto Market is currently experiencing neutrality
Currently, the Fear & Greed Index is: 53 (Neutral)indicating that investors have a neutral outlook in the market. The Fear & Greed Index is a measure of sentiment among cryptocurrency investors. The reading of “greed” suggests that investors are currently optimistic about the cryptocurrency market, but it can also indicate that the market is overvalued. Meanwhile, the “fear” reading shows investors are currently hesitant to cryptocurrency markets that could represent purchase opportunities.
Bitcoin moving average and oscillator
Let’s take a look at some of the most important technical indicators signal. We experience important moving averages and oscillators that allow us to get better ideas about how Bitcoin is currently located in the market.
The relative strength index (RSI 14) is a widely used indicator that helps to inform investors whether an asset is currently being over-bought or not being sold. Bitcoin’s RSI 14 is 65.92, suggesting that BTC is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing prices of Bitcoin over the past 50 days. Currently, Bitcoin is below the SMA 50 trendline. This is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trend line calculated by averaging the closing prices of BTC over the past 200 days. BTC is currently trading under SMA 200, indicating that the market is currently bearish.
The bottom line regarding this Bitcoin prediction
After considering the above factors, the current forecast for Bitcoin price forecast is strong. BTC should increase by 23.88% to reach its $119,095 target within the next five days. As we move forward, it is important to monitor the sentiment, key support and resistance levels and other metrics in the BTC market. However, it should be noted that the cryptocurrency market is unpredictable and even the largest crypto assets show many price volatility. Click here for a long-term Bitcoin price forecast.
Disclaimer: This is not investment advice. The information provided is for general purpose only. The information, materials, services or other content provided on this page does not constitute solicitation, recommendation, approval, or financial, investment, or other advice. Seek independent professional consultations in the form of legal, financial and financial advice before making an investment decision.
