As we kick off May, Bitcoin is riding high, trading just under $95,000 after a surprisingly strong April rally. The question on everyone’s mind now: can it break $100K this month, or are we due for another correction?
Let’s take a look at the landscape.
What Happened in April? Bitcoin had a volatile but ultimately bullish April. After dipping as low as $74,436 mid-month, BTC rebounded more than 27% in the final 20 days to close April near its recent resistance of $95,500. That recovery came despite ongoing global uncertainty, a new round of U.S.–China trade tensions, and regulatory headwinds.
Key drivers of that turnaround included:
Let’s take a look at the landscape.
What Happened in April? Bitcoin had a volatile but ultimately bullish April. After dipping as low as $74,436 mid-month, BTC rebounded more than 27% in the final 20 days to close April near its recent resistance of $95,500. That recovery came despite ongoing global uncertainty, a new round of U.S.–China trade tensions, and regulatory headwinds.
Key drivers of that turnaround included:
- Institutional inflows: Bitcoin ETFs saw a net gain of over $2.8 billion in April.
- Exchange reserves hit new all-time lows, signaling growing long-term accumulation.
- On-chain indicators flipped bullish, with investor sentiment rising alongside price.
May 2025 Outlook: Bullish, Bearish, or Just Flat?
The Bullish Case Many analysts believe May could be Bitcoin’s launchpad back to six figures. Here’s why:
The Bullish Case Many analysts believe May could be Bitcoin’s launchpad back to six figures. Here’s why:
- Institutional momentum is strong. With ETFs seeing consistent inflows and the total crypto market cap stabilizing near $3 trillion, more capital is clearly flowing in.
- Political tailwinds are blowing in Bitcoin’s favor. Trump’s pro-crypto stance continues to shape sentiment positively.
- Technical indicators (like the 50- and 200-day moving averages) suggest a bullish breakout could be imminent if BTC clears $96,000.
If that momentum holds, we could see Bitcoin challenge the $100K–$105K range in May.
The Bearish Case But not everyone is convinced. Bears warn of:
The Bearish Case But not everyone is convinced. Bears warn of:
- Overbought conditions, with the RSI still hovering near extreme levels.
- Regulatory uncertainty, especially as some global watchdogs discuss tighter crypto oversight.
- Market fatigue, with some traders wary of chasing after April’s run-up.
A short-term correction to the $86K–$90K range isn’t off the table if sentiment shifts.
The Middle Ground A third camp sees Bitcoin trading sideways in May, consolidating between $90K and $96K. That could provide a healthy base before any new highs are tested later this year.
Bottom Line Whether May brings a blast to $100K or a cooling-off period, one thing is clear: Bitcoin is back in the spotlight. With volatility, momentum, and interest all high, this month could set the tone for the rest of 2025.
What’s your prediction—will BTC hit $100K in May?
The Middle Ground A third camp sees Bitcoin trading sideways in May, consolidating between $90K and $96K. That could provide a healthy base before any new highs are tested later this year.
Bottom Line Whether May brings a blast to $100K or a cooling-off period, one thing is clear: Bitcoin is back in the spotlight. With volatility, momentum, and interest all high, this month could set the tone for the rest of 2025.
What’s your prediction—will BTC hit $100K in May?
Comments by Alyssa