Is Bitcoin's price continuing to decline?

In early May 2026, Bitcoin's price fluctuated repeatedly between $75k and $79k, with significant market disagreement between bulls and bears, and investors closely watching whether it can break through a key resistance level.
In early February 2026, Bitcoin experienced an epic crash, with the price halving from the all-time high of $126k in October 2025 to around $63k, with daily liquidations exceeding $2 billion, and the market falling into a vicious cycle of high leverage liquidations.
Subsequently, the market gradually recovered, breaking above $70k in early April, and on April 8, it once surged to $72,500.
Entering May, the price oscillated within the $75,000 to $79,500 range. On May 2, influenced by Trump's threat to raise EU tariffs, the market fluctuated downward, briefly falling below $78k, with over 87k traders liquidated globally that day.
Market Bull and Bear Divergence
Currently, there are clear disagreements about the future trend.
The bullish view believes that as the Fed's high-interest rate suppression weakens, ETF capital continues to flow in, institutions and whales steadily accumulate, and the current volatility is a consolidation for an upward move. If it can effectively hold above $78,000, the target is directly at $82k to $85k.
Some long-term holders firmly believe Bitcoin is a tool to hedge against fiat inflation, and it could rise to $10 million in the future.
The cautious or bearish view points out that Bitcoin is essentially a "microscope on dollar credit," highly sensitive to liquidity changes, and as a software protocol, it carries maintenance risks and governance cracks. Any minor conflict under high valuation could trigger systemic risks.
From a technical perspective, some analysts believe there are signs of a top on the daily chart, with no volume increase during the rally. They suggest shorting on rebounds between $77,000 and $78,500, with support levels at $74,000 to $75,000.
Another view emphasizes that as long as it cannot break above $78,000, the bears remain dominant, and there is a risk of further decline below $74,000.