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<p><strong>Bitcoin traded at $77,250 at press time, with 24-hour volume at $30.89 billion, per crypto.news data.&nbsp;</strong></p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Bitcoin must break $79,000 to target the next resistance zone between $86,000 and $88,000.</li>
   <li>More than 10,000 BTC moved to exchanges last week, raising short-term selling pressure concerns.</li>
   <li>Analysts remain split as Bitcoin holds an uptrend while May seasonality shows no clear bearish pattern.</li>
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<p>The asset gained 2% in the past day but remained down slightly over seven days.</p>
<p>The price has <a href="https://crypto.news/analysis-bitcoins-46-day-funding-drain-set-the-stage-for-this-weeks-wipeout/" rel="noopener noreferrer nofollow">recovered</a> 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>
<p>You might also like: <a href="https://crypto.news/analysis-bitcoins-46-day-funding-drain-set-the-stage-for-this-weeks-wipeout/" rel="noopener noreferrer nofollow"> Analysis: Bitcoin’s 46-day funding drain set the stage for this week’s wipeout </a></p>
<h2 class="wp-block-heading" id="strong-analyst-says-79k-remains-key-strong"><strong>Analyst says $79K remains key</strong></h2>
<p>Crypto analyst Michaël 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>
<p>He <a href="https://x.com/CryptoMichNL/status/2050143690241540312?s=20" rel="noopener noreferrer nofollow">said</a>, “If $79K breaks, the next resistance zone is at $86-88K.” A move into that range could improve market confidence and support stronger altcoin performance.</p>
<p>Notably, Bitcoin is consolidating below the $79,000 resistance area. A clean move above this level would confirm stronger short-term momentum.</p>
<p>The moving average on the chart is rising, while the price remains above it. This supports the current bullish setup, although volume has <a href="https://crypto.news/bitcoin-rally-faces-test-as-funding-rates-stay-flat/" rel="noopener noreferrer nofollow">not shown a major breakout signal</a>.</p>
<p>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>
<h2 class="wp-block-heading" id="strong-analysts-remain-split-on-may-trend-strong"><strong>Analysts remain split on May trend</strong></h2>
<p>Ali Martinez said Bitcoin <a href="https://x.com/alicharts/status/2050078007511953497?s=20" rel="noopener noreferrer nofollow">shows</a> similarities to its 2022 bottoming structure. He stated that this could allow another push higher before a final move lower.</p>
<p>He also <a href="https://x.com/alicharts/status/2050024907363246248?s=20" rel="noopener noreferrer nofollow">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>
<p>Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/2049942112192299456?s=20" rel="noopener noreferrer nofollow">noted</a> that May does not clearly support the “sell in May and go away” idea for Bitcoin. He noted that May ranks as Bitcoin’s sixth-best month by average return and third-best by median return.</p>
<p>Doctor Profit said Bitcoin has moved in a sideways box since February. He <a href="https://x.com/DrProfitCrypto/status/2050141023850872944?s=20" rel="noopener noreferrer nofollow">placed</a> the local top around the $83,000 to $85,000 region.</p>
<p>Read more: <a href="https://crypto.news/strategy-ceo-phong-le-frames-strc-as-income-despite-payout-risks/" rel="noopener noreferrer nofollow"> Strategy CEO Phong Le frames STRC as income despite payout risks </a></p>
<p>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.</p>

Bitcoin May rally ahead? $79K breakout could decide

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