Technical analysis by EXCAVO about Symbol BTC on 5/7/2025

Hey everyone!In just 2 days, my first offline/online trading tournament kicks off — and you'll be able to watch everything live. It's a big milestone for me and a real-time test of my analysis. But now, let’s get back to the market...💰 Bitcoin today — May 7As I mentioned earlier, I expect Bitcoin to reach the 98 K - 100 K zone this May to grab the liquidity sitting above the highs. This could be the final push before a correction. Check the chart for details.When we reach 100k, all the public media will say that BTC broke 100k and after that there will be a rollback, as happens very often.📉 After that, a correction makes sense; I’ve explained why in earlier posts. But let’s talk fundamentals.🗞️ Not rumors. Facts:🔹 The U.S. is moving toward Bitcoin reserves.New Hampshire just became the first U.S. state to pass a law creating a strategic Bitcoin reserve, signed by Governor Kelly Ayotte.🔹 I believe other states will follow with similar legislation - this is no longer speculation. It's the next phase of BTC adoption in the U.S.And as the saying goes:"Buy the rumor, sell the news."🌍 Geopolitical tension:The India-Pakistan conflict is now a global headline. Two nuclear powers. Any correction could easily be “justified” by this news.But...📊 I don’t trade the news - I trade my analysis.As you know, I publish my forecasts ahead of time and stay consistent.🧭 My outlook:I expect one last minor correction in the next 1 - 2 weeks, followed by a move to new all-time highs.Best regards, EXCAVO_____________________Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.