Bitcoin pushed above $78,000 on May 1st, capping what analysts describe as its strongest monthly performance in roughly 12 months. Spot trading volumes and futures open interest have both risen alongside price, signaling broad-based participation rather than a thin, easily reversible rally. Options markets are currently pricing a 25% probability that BTC reaches $84,000 before the end of May.
A confirmed weekly close above $75,000 would be a technically significant threshold that could draw in momentum-driven buyers and institutional allocators sitting on the sidelines. ETF inflows have already been providing steady buying pressure, meaning this move has structural support beyond just speculative traders. Altcoins like ETH, SOL, and BNB tend to amplify Bitcoin's moves — if BTC extends higher, those positions could outperform; if BTC stalls, they typically correct harder and faster.
May 7: FOMC rate decision — any surprise from the Fed could shift risk appetite across crypto. Weekly close Sunday May 4: watch whether BTC holds above $75,000 on a weekly basis, which technicians cite as the key bull confirmation level. May 13: US CPI inflation data, which historically moves crypto alongside equities.
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