Bitcoin target: BTC 97,000 $ Spearcs Currency Trading Fights | Flash news details

Bitcoin (BTC) has recently reached an amazing amount, which represents a large milestone in the date of its prices, as mentioned by a prominent encrypted suspension on May 7, 2025. This increase in prices comes amid a background of the increasing basic activity on the S & Penters Teals S & Pentant market data from Bloomberg. The level of $ 97,000 for BTC was achieved at approximately 14:00 UTC on May 7, 2025, according to real time tracking on major exchanges such as Binance and Coinbase. Trading volumes increased by 35 % within 24 hours of this price point, with Binance reporting more than $ 2.5 billion in BTC/USDT deals alone during this period, indicating the intensive market participation. This gathering is not isolated by bitcoin. Altcoins, such as ETHEREUM (ETH), also witnessed a 7 % increase, reaching $ 3800 at 15:00 UTC on May 7, 2025, based on data from Coingecko. The roof of the broader encryption market has increased by $ 3 trillion, a level that has not seen it since late 2021, reflecting strong morale among investors. This basic procedure in Bitcoin coincides with positive macroeconomic news, including the expectations of the favorable Federal Reserve policies, which strengthened both stocks and encryption markets. The NASDAQ compound also increased by 1.5 % on May 7, 2025, indicating a relationship between heavy technology indicators and digital assets where investors seek high growth opportunities.

From the trading perspective, the Bitcoin’s height opens to $ 97,000 multiple chances and risks to encryption traders. BTC/USDT pair on Binance showed an increase in 24 -hour trading volume to $ 2.5 billion by 16:00 UAE time on May 7, 2025, indicating strong liquidity and the possibility of short -term momentum trading. However, the rapid increase in prices also raises concerns about excessive conditions in the peak, as the RSI RSI index reached BTC 78 on the graph for 4 hours at 17:00 UTC, as was observed in TradingView data. Traders may consider profit near this $ 100,000 psychological resistance or a narrow stoppage position to less than $ 95,000 to reduce negative risks. Market analysis reveals that the increase in Bitcoin is associated with the gains in coding stocks such as Coinbase Global Inc. (Coin), which rose by 4.3 % to $ 230.50 by the end of trading on May 7, 2025, according to Yahoo’s funding. This indicates that the institutional funds flow to both the encryption and the relevant shares, which are likely to be paid for renewed interest in the investment funds circulating in the instant Bitcoin, which witnessed flows of $ 500 million on the same day for all ETF data from Bitmex Research. For Altcoin merchants, pairs such as ETH/BTC showed a relative strength, as ETH gained 0.002 BTC by 18:00 UTC, making them a vibrant pair trade against Bitcoin’s hegemony.

Dive into technical indicators and market relationships, Bitcoin moved to $ 97,000 at 14:00 UTC on May 7, 2025, accompanied by a 200 -day moving average on The Daily Chart, which is a difficult indication of coinmarketcap technical analysis tools. The scales on the chain support this momentum, as Glassnode has reported a 20 % increase in active BTC addresses to 1.1 million by 19:00 UTC on the same day, reflecting the growing network activity. BTC trading volume through major pairs such as BTC/USD and BTC/USDT reached $ 4.8 billion within 24 hours, which confirms strong participation in the market. Regarding the connection between the stocks, the S&P 500 profit by 1.2 % and the increase of 1.5 % in NASDAC on May 7, 2025, is closely in line with the bitcoin gathering, indicating that the appetite of the total risk leads both markets. Institutional impact is evident as Bitcoin ETF flows of $ 500 million on the same day indicate the allocation of continuous capital from traditional financing to encryption. This dynamic exchange across the market offers opportunities for traders to monitor the futures contracts for the stock index in addition to the BTC price procedures, as the reflection of stock morale may lead to profits in encryption. Currently, the market remains ascending, but traders must see the main support of $ 94,000, tested at 20:00 UTC on May 7, 2025, for any signs of weakness.

In short, Bitcoin’s rise to $ 97,000 on May 7, 2025 is a pivotal moment for encryption markets, which reflects strong connections with the gains of the stock market and institutional flows. Traders can take advantage of this momentum while waking up from excessive signals in the peak and total transformations. This event emphasizes the increasing integration of traditional and digital asset markets, providing unique trading settings for those who monitor cross -market trends.