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Bitcoin traded at $77,250 at press time, with 24-hour volume at $30.89 billion, per crypto.news data.\u00a0<\/strong><\/p>\n <\/p>\n The asset gained 2% in the past day but remained down slightly over seven days.<\/p>\n The price has recovered from earlier weakness and now trades in a short-term uptrend. The chart shows higher lows since mid-March, pointing to steady demand from buyers.<\/p>\n <\/p>\n Crypto analyst Micha\u00ebl van de Poppe said Bitcoin tends to behave positively at the start of a new month. He also expects spot Bitcoin ETF flows to improve in the coming week.<\/p>\n He said<\/a>, \u201cIf $79K breaks, the next resistance zone is at $86-88K.\u201d A move into that range could improve market confidence and support stronger altcoin performance.<\/p>\n Notably, Bitcoin is consolidating below the $79,000 resistance area. A clean move above this level would confirm stronger short-term momentum.<\/p>\n The moving average on the chart is rising, while the price remains above it. This supports the current bullish setup, although volume has not shown a major breakout signal.<\/p>\n Support sits near $73,000 to $74,000. A drop below this zone could weaken the current structure. Deeper support appears near $65,000 and $60,000.<\/p>\n Ali Martinez said Bitcoin shows<\/a> similarities to its 2022 bottoming structure. He stated that this could allow another push higher before a final move lower.<\/p>\n He also noted<\/a> that more than 10,000 BTC, worth about $760 million, moved to exchanges over the past week. Exchange inflows can signal possible selling pressure.<\/p>\n Daan Crypto Trades noted<\/a> that May does not clearly support the \u201csell in May and go away\u201d idea for Bitcoin. He noted that May ranks as Bitcoin\u2019s sixth-best month by average return and third-best by median return.<\/p>\n Doctor Profit said Bitcoin has moved in a sideways box since February. He placed<\/a> the local top around the $83,000 to $85,000 region.<\/p>\n <\/p>\n\n
Analyst says $79K remains key<\/strong><\/h2>\n
Analysts remain split on May trend<\/strong><\/h2>\n