Bitcoin’s bullish momentum gains steam, eyes $100k ahead of US FOMC meeting

Bitcoin (BTC) price today, May 7, 2025: Bitcoin (BTC) has broken out of its range-bound phase between $90,000 and $95,000 and resumed its upward trajectory to reclaim $97,000 levels as market sentiment improved ahead of the US Federal Open Market Committee (FOMC) meeting. This, market analysts said, signals a bullish momentum for Bitcoin toward the $100K mark.