With Bitcoin (BTC) after recording four consecutive weekly highs, crypto expert Michaël van de Poppe expects the currency to continue its upward trend in May 2026.
Poppe boldly predicted the price of BTC on April 27, based on technical analysis. He also said that the cash advance would be $85,000 to $88,000 in May, before any adjustments or consolidations.
Son lighting fixtures that the price of Bitcoin has been working above the resistance between $ 71,438 and $ 73,408, which served as the most critical point in March. If the price of BTC should hit this resistance area, the analyst says that buyers should turn the selling wall around $80,646 into support.
May’s bullish target may become irrelevant if BTC price pulls back from its resistance level of around $79,127. In addition, the Relative Strength Index (RSI) has been forming a bearish divergence, amid the possibility of doubling last week.
The main factors that will affect the price of Bitcoin in May
The price of Bitcoin in May may depend a lot on the performance of the market, as Finbold recently did. report. With the April BTC price pump fueled by cheap traders, if market buyers outnumber net sellers, another bounce is possible next month.
However, if the demand for space, especially from BTC exchange-traded funds (ETFs), fades in May, a correction may be imminent because the bull rally is weak. Meanwhile, the price of Bitcoin in May may be affected by this week’s monetary policy decisions from the United States Federal Reserve, the Bank of Japan (BoJ), the Bank of Canada (BoC), the Bank of England (BoE), and the European Central Bank (ECB), according to Finbold. he realized.
Meanwhile, the volatility of BTC in May may be affected by the expected votes on the Clarity Act, the US regulatory framework for the registration of crypto assets, such as Finbold. he said.
