Lokesh Gupta
04-05-2026
Can Bitcoin break through the resistance wall and hit new highs this May? Right now, BTC is trading above $80,000 for the first time since January 2026 — and millions of traders are watching every single move.
The market is electric. Big institutions are buying in, short sellers are getting crushed, and the charts are flashing mostly bullish signals.
Here is everything you need to know about the Bitcoin price prediction for May 2026.
Bitcoin is holding firmly above $80,050, and that is a strong signal for bulls. The 50% retracement support at $78,920 and the 100-day EMA near $75,886 are acting as a solid floor below the current price. As long as Bitcoin stays above these two levels, the uptrend stays intact.
The RSI sits near 65.60 — that is bullish territory but not yet overbought, meaning there is still room to run. The MACD has also turned positive, confirming that buyers are controlling the near-term direction.
On the upside, the first major resistance sits at the 200-day EMA near $82,103. Beyond that, the 61.8% Fibonacci level at $83,441 and horizontal resistance near $84,400 are the next big targets. A clean daily close above $84,400 could open the door toward the January highs at $97,924.
Several powerful forces are driving this rally right now.
According to Sosovalue, Spot Bitcoin ETFs recorded $629.73 million in net inflows in a single day on May 1, 2026. In April alone, total ETF inflows reached $1.97 billion. That kind of institutional demand changes the game completely for any Bitcoin price prediction.
A massive short squeeze is also underway. As per CoinGlass data, over $300 million in short positions were liquidated in just 24 hours. Nearly 99,681 traders got wiped out as Bitcoin climbed back above $80,000.
Data shows roughly a 4:1 ratio of long positions versus short positions right now — around 12.37 longs for every 2.92 shorts. Even a small push to $80,700 could trigger another wave of short liquidations.
Bitcoin derivatives trading volume also jumped by 109.68% to $59.33 billion, showing that market participation is heating up fast.
The Bitcoin price prediction leans cautiously bullish in the short term. Bulls need a daily close above $82,103 to unlock the next leg higher. If that happens, $84,400 and eventually $97,924 come into play.
However, risks are real. Some analysts point to a bear flag forming on the daily chart. The 200-day moving average at $82,103 has not seen a close above it in seven months.
If sellers defend this level hard, Bitcoin could pull back to $78,920 or deeper toward $75,886.
The upcoming Strategy Q1 2026 earnings report adds more short-term uncertainty. Strategy recently paused Bitcoin purchases ahead of that report, and the market is watching closely.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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