From Cointelegraph

May 7, 2025 1:06:00 pm:

Bitcoin price is hovering around $97,000 as traders anticipate FOMC minutes. Holding above $95,000 is crucial for bullish momentum. Select altcoins also maintain support levels, hinting at a possible short-term uptrend. Bitcoin wallets with 10-10,000 BTC acquired 81,338 BTC in 6 weeks. BlackRock’s spot Bitcoin ETF sees $4.7 billion inflow in 16 days, aiming to surpass gold ETF assets in 3-5 years.

Bitcoin must maintain support above $95,000 for a rally towards all-time highs. Failure could lead to a deeper correction. Bitcoin is eyeing $100,000 resistance. Ethereum is struggling to break resistance at $1,873, aiming for $2,111. XRP remains range-bound between resistance and $2 support. BNB shows demand at lower levels, with resistance at $620.

Solana is finding support at moving averages, signaling positive sentiment. Dogecoin clings to moving averages, signaling balance between supply and demand. Cardano faces a battle near moving averages. Sui rebounds off 20-day EMA, aiming for $3.90. Chainlink finds support at 50-day SMA but faces pressure from bears. Avalanche slips below 50-day SMA, suggesting continued range-bound action. Buyers expected to defend support levels to prevent further downtrend.

Read more at Cointelegraph: Price predictions of major cryptocurrencies