Bitcoin Hovers Around $97,000, But A Correction May Be Around The Corner, Traders Warn
Posted On May 7, 2025
Bitcoin (CRYPTO: BTC) is up to nearly $97,000, boosted by renewed liquidity from China and heightened anticipation around the FOMC’s interest rate decision. But traders remain split on whether this marks the start of another rally or a setup for another correction.
What Happened: Crypto trader CJ remains cautious.
He says Bitcoin must flip the $99,000–$102,000 resistance zone to shift market bias toward new all-time highs and a potential run to $125,000.
Until then, CJ expects downside toward $92,700, and possibly $85,100, key zones …
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