Bitcoin (BTC) price is expected to rise by 23.88% in the next 5 days

Bitcoin price is expected to rise by 23.88% in the next 5 days according to our Bitcoin price prediction. BTC/USD is trading at $ 96,992 after gaining 3.27% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.65% in the same time period.

According to our Bitcoin price prediction, BTC is expected to reach a price of $ 119,095 by May 06, 2025. This would represent a 23.88% price increase for BTC in the next 5 days.

What has been going on with Bitcoin in the last 30 days

Bitcoin has been displaying a positive trend recently, as the coin gained 16.44% in the last 30-days. The medium-term trend for Bitcoin has been bearish, with BTC dropping by -7.21% in the last 3 months. The long-term picture for Bitcoin has been positive, as BTC is currently displaying a 69.06% 1-year price change. On this day last year, BTC was trading at $ 57,371.

Bitcoin reached its all-time high price on Jan 20, 2025, when the price of BTC peaked at $ 109,079. The current BTC cycle high is $ 97,409, while the cycle low is at $ 74,530. BTC has been displaying low volatility recently – the 1-month volatility of the coin is at 6.07. Bitcoin recorded 18 green days in the last 30 days.

Bitcoin technical analysis for today - May 01, 2025

The sentiment in the Bitcoin markets is currently Bullish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 93,147, $ 92,077 and $ 91,062, while $ 95,232, $ 96,247 and $ 97,317 are the key resistance levels.