Bitcoin: Eyes $85-88K in May

Crypto analyst Michaël van de Poppe dismissed a recent BTC dip as minor, emphasizing that markets gear up for further gains while clinging to key supports. He forecasts Bitcoin hitting $85,000-$88,000 in May before a consolidation phase, aligning with ongoing crypto market crash recovery narratives and BTC price prediction models pointing to sustained upside amid viral trends like TAO ecosystem hype.

Zooming into the 4-hour chart, Bitcoin trades at $77,830.78 within a bullish structure, buoyed by the EMA200 at $73,734.38 as rock-solid long-term support, while the EMA50 at $77,137.65 acts as immediate confluence for buyers. With RSI at a neutral 50.7 avoiding overbought extremes and MACD flashing a bearish death cross at 252.64, price action squeezes inside Bollinger Bands—testing upper resistance at $78,767.15 that could cap short-term rallies, yet the lower support at $76,948.34 aligns perfectly with EMA50 for a probable bounce, setting up institutional entries before pushing toward those $85K targets in a classic volatility exhaustion play.