Bitcoin is the leading force, the guiding light of the cryptocurrency market. At press time, the token is sitting at $96K, up 2% in the last 24 hours. The token has noted significant ebb and flow in its price primarily due to Trump’s aggressive tariff regimen and the global political overhaul that the tariffs triggered as of late. However, with BTC stabilizing at $96K, will the month of May see the token climbing and reaching new highs? Let’s find out.
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Bitcoin: Is The Future Bright?
Bitcoin has lately been encountering troubled waters. The token has noted significant downturns from its earlier $100K price spot. Bitcoin went as low as below $80K when the Trump tariff regimen began to gain steam. With the talks of China-US de-escalation, the market seems to be forecasting a recovering stance, with BTC stable at $96K at present.
Per leading crypto analyst Javon Marks, Bitcoin’s price chart has been forming a bullish divergence. This development may help Bitcoin soar to new price highs, ultimately hitting $108K in the process.
“Since the attached/quoted analysis stating and showcasing Bitcoin’s bullish divergence, prices are up massively, climbing nearly +24%. Guess what, this pattern suggests HIGHER AND A RETURN BACK ABOVE $108,000+ ⚡️!”
Since the attached/quoted analysis stating and showcasing Bitcoin's Bullish Divergence, prices are up massively, climbing nearly +24%.
— JAVON⚡️MARKS (@JavonTM1) May 1, 2025
Guess what, this pattern suggests HIGHER AND A RETURN BACK ABOVE $108,000+ ⚡️!$BTC https://t.co/Ygol4y8Xdo pic.twitter.com/5Xeu24QMRk
At the same time, Ali Martinez, another noteworthy cryptocurrency analyst, has given a bullish forecast for BTC. Per the expert, the Bollinger Bands development is pushing BTC to encounter a new high soon. This development may just deliver a well-packed surge for the token to bank on, amid the latest positive political overhauls.
The Bollinger Bands are squeezing on the 4-hour chart for #Bitcoin $BTC! A major price move could be just around the corner. pic.twitter.com/uvrel12QVp
— Ali (@ali_charts) May 1, 2025
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The Token’s May Forecast
Per CoinCodex, Bitcoin may surge and spike to hit $112K by the end of May 2025.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 16.30% and reach $ 112,803 by June 1, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 53 (neutral). Bitcoin recorded 18/30 (60%) green days with 6.33% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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