In Bitcoin (Bitcoin) After recording four consecutive bullish weeks, cryptocurrency expert Michael van de Poppe expects the major currency to continue its upward trend in May 2026.
Bob made a bold Bitcoin price prediction on April 27, based solely on technical analysis. He stated that the major currency could rise to a liquid range of $85,000 to $88,000 in May, before seeing either a correction or consolidation.
child Highlight Bitcoin price remained stable above the resistance range between $71,438 and $73,408, which served as a strong resistance area in March. If BTC price were to reach this specific resistance area, the analyst says buyers should turn the selling wall around $80,646 into support.
The May upside target could be invalidated if BTC price reverses from the current resistance level at $79,127. Furthermore, the Relative Strength Index (RSI) is forming a bearish divergence, amid a possible double top last week.
The main factors that may affect the price of Bitcoin in May
Bitcoin’s price in May can depend heavily on leverage and spot market performance, as happened with Finbold recently I mentioned. With BTC prices pumping in April fueled by leveraged traders, if buyers in the spot market outpace net sellers, a further rebound could be possible next month.
However, if spot demand, especially from bitcoin exchange-traded funds (ETFs), fades in May, a correction could be imminent as the leverage-fueled bull run is fragile. Meanwhile, Bitcoin’s price in May could be affected by monetary policy decisions made this week by the US Federal Reserve, the Bank of Japan (BoJ), the Bank of Canada (BoC), the Bank of England (BoE), and the European Central Bank (ECB), Feinbold said. male.
Meanwhile, Bitcoin’s volatility in May could be affected by the expected vote on the Clarity Act, a proposed US regulatory framework to legalize crypto assets, Feinbold said. He pointed out.
