Will Bitcoin's price continue to decline?

In early May 2026, Bitcoin's price fluctuated between $75,000 and $79,000, with a clear divergence between optimistic and pessimistic market participants, and investors are watching whether it can break through the key resistance level.
In early February 2026, Bitcoin experienced a historic crash, with its price dropping from its October 2025 high of $126,000 to around $63,000, with a daily close worth over $2 billion, leading to a vicious cycle of high-leverage liquidations.
Then the market began to recover gradually, breaking the $70,000 barrier in early April, and temporarily rising to $72,500 on April 8.
As May arrived, the price remained volatile between $75,000 and $79,500, and on May 2, after Trump threatened to increase tariffs on the European Union, the market fluctuated sharply, falling below $78,000, with more than 87,000 people liquidated worldwide that day.
Divergent market opinions on the future trend
There is currently a clear split in the market regarding the next direction.
Optimists believe that the Federal Reserve's interest rate hikes have slowed, ETF fund flows continue, institutions and large whales continue to accumulate assets, and the current volatility is just a pause in the upward trend.
If the price can hold above $78,000, the target is to reach $82,000–$85,000.
Some long-term holders believe Bitcoin is a hedge against monetary inflation and could rise to a million dollars in the future.
Pessimists or cautious observers see Bitcoin as a "microcosm of dollar credit," highly sensitive to liquidity changes, and as a software program, it involves risks of maintenance and governance flaws.
Any minor dispute in an overvalued environment could lead to systemic risks.
Technically, some analyses suggest that a top signal has appeared on the daily level, and upward moves are not accompanied by high trading volumes.
Selling is recommended on rebounds between $77,000 and $78,500, with support at $74,000–$75,000.
Another view confirms that as long as the price cannot break above $78,000, the downward trend remains dominant, and caution is advised regarding further declines after breaking below $74,000.