As of May 7, 2025, Bitcoin is trading at $96,730, with the $95,000 support level seen as critical for reaching new highs.
Bitcoin Holds at $95,000
Bitcoin is currently trading at $96,730, with analysts at Bitfinex identifying the $95,000 level as crucial support for reaching new record highs.
Market Conditions and Short Liquidations
Analysts predict that a potential liquidation of $400 million in short positions could occur if Bitcoin exceeds $98,000, triggering market volatility. Recent inflows of $2.7 billion into ETFs indicate strong investor interest and optimism.
Significance of $95,000 Support
The $95,000 support level reflects past bullish runs post-consolidation, highlighting market stability. High volatility linked to Fed decisions means any unexpected rate changes could significantly affect Bitcoin's trajectory.
Maintaining the $95,000 support level is crucial for Bitcoin's growth as investors remain focused on ETF performance and potential liquidation scenarios.
