Bitcoin: Targets $85-88K in May
Bitcoin rebounds strongly on Monday, eyeing $85-88K breakout amid $1B ETF inflows and low volatility, per CryptoMichNL analysis.
SourceCrypto analyst Michaël van de Poppe sees no barriers to further market gains, dismissing the weekend's risk-off correction as typical for Bitcoin. With Monday bringing renewed risk-on sentiment and no adverse events, BTC stages a sharp bounce, establishing a clear uptrend on lower timeframes. He highlights last week's dynamics—declining VIX and gold volatility—fueling $1 billion in BTC ETF inflows, predicting an even stronger week ahead as prices assault key resistance zones.
This optimism aligns with broader crypto market trends, where BTC price prediction models increasingly factor in ETF momentum and geopolitical stability. Van de Poppe forecasts $85-88K for May, assuming no shifts in global tensions, building on recent inflows that echo patterns from the past six months when similar volatility drops preceded rallies. The hype around assets like Bitcoin and emerging tokens such as TAO underscores this risk-on revival, potentially averting any near-term crypto market crash.
From a technical confluence standpoint, Bitcoin trades at $76384.0 within a bullish structure, hugging the upper Bollinger Band resistance at $77882.97 while the RSI at 58.72 signals neutral momentum that could tip bullish with sustained inflows. Yet the MACD's bearish death cross at 137.9 hints at temporary exhaustion, suggesting a probe toward the 50-EMA support at $74564.41 before reclaiming highs—classic price action we've seen in institutional books, where the 200-EMA at $71823.63 acts as a firm backstop against deeper pullbacks, aligning perfectly for that push to $85K if volatility bands contract further.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast