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Bitcoin (BTC) Reclaims $94K, Bulls Start Pushing Back

May 07, 2025 at 12:35 am

Bitcoin (BTC) Reclaims $94K, Bulls Start Pushing Back

Tuesday's session kicked off with a surprising jolt in crypto. Bitcoin is back above $94,000, climbing steadily after a shaky start to the week. Ethereum isn't keeping up; it's hovering below $1,790 with little conviction.

Meanwhile, Shiba Inu is quietly creeping up, testing resistance levels as meme coin traders start sniffing opportunities. It's a tense mood, not quite bullish, but definitely no longer sleepy.

Bitcoin Price Today: BTC Reclaims $94K As Bulls Finally Push BackA bit of an unexpected spark in crypto on Tuesday morning, with Bitcoin showing signs of bouncing back. After slipping as low as $93,600 earlier in the session, BTC has managed to claw its way back above the $94,000 mark and is now pushing toward last week's resistance around $94,800.

Bitcoin bulls are finally showing signs of life after a weekend of consolidation and selling pressure that threatened to carry price lower toward the $92K-$93K support zone. A breakout above $94,800 could set the stage for a move toward $96K-$97K, but it's crucial to see volume cooperating.

If volume steps in and aids in pushing BTC higher, then we could easily flip the tone from cautious to breakout-ready. But if price stalls again at this level and puts in another lower high, it might be time to prepare for further downside.

Ethereum Price Today: ETH Slips Below $1,790 As Traders Back OffA bit of a lull in Ethereum's price action, with the altcoin slipping back below the $1,790 mark on Tuesday after bouncing between $1,805 and $1,818 last week. It's not necessarily a breakdown, but it's also not strength.

ETH is now in danger of slipping lower toward the $1,750 zone if sellers manage to step in and push through the $1,790 level. On the other hand, a move back above $1,805 could offer some relief and perhaps spur a return to last week's highs around $1,830.

However, overall pressure seems to be tilted downward as the post-halving optimism fells lower. This is still consolidation, but it's slowly edging into the danger zone.

Shiba Inu Price Prediction: Can SHIB Finally Reignite Above $0.00001250?Shiba Inu is showing signs of trying to wags its tail again. After sliding to lows of $0.00001230 last week as a final attempt to break lower failed, it's testing the highs of last week's range.

Shiba Inu traders are eyeing a decisive move above the $0.00001290-$0.00001300 zone to trigger a more significant rally. If SHIB manages to break through this level, it could see a burst of momentum carry it toward the $0.00001330-$0.00001350 resistance.

However, if it fails to clear this point and stumbles again, it might slip back into the lower ranges of the current trading band, continuing the familiar pattern of bouncing between $0.00001250 and $0.000013. Speculators are certainly circling, but their commitment remains weak at the moment.

Top Crypto Weekly Performance Snapshot (7-Day Change)Here's a glance at the performance of the top seven cryptocurrencies over the past seven days, according to CoinGecko:

Crypto

Price Now

7-Day Change

Bitcoin

$94,007.97

-0.40%

Ethereum

$1,780.48

-1.63%

Ripple

$0.7809

-1.37%

Solana

$79.24

-2.06%

Cardano

$0.3233

-0.64%

Tron

$0.0784

-0.34%

Optimism

$1.23

-0.79%Final Take: Keep An Eye On Volume Alongside Price ActionMarkets aren't quite back to sleep yet, but they're certainly in no hurry to wake up fully. Bitcoin's bounce above $94K has sparked fresh chatter, but the real story now is whether volume shows up to back it.

Ethereum is looking painfully stuck in neutral, needing to choose a direction quickly. And SHIB? It's teasing a move but isn't quite pulling the trigger

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Weitere Artikel veröffentlicht am Jun 08, 2025