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Bitcoin's shadowy bullish candle pattern, I believe, has made many people feel uneasy.
Initially expecting a rebound, the price instead plunged to around 75k, and investors who successfully caught this bearish trend have undoubtedly gained significantly.
Looking back at the entire May, Bitcoin dropped from a high of 82,800 to a low of 74,200, a range decline of 8,600 points, nearly 10% for the month.
Currently, May is coming to an end, and the market is likely to remain volatile within the 74,000-78k range.
Based on the market situation on May 2, 2026, and that day, the following is a forecast analysis of Bitcoin's closing price in May:
1. Neutral scenario (higher probability)
Bitcoin is most likely to close within the 75k-85k USD range with sideways movement.
The current price is weakly oscillating around 77k-78,000 USD, with 76k USD as a key support level.
If this support holds, the market may continue to consolidate, awaiting macroeconomic data or policy signals for further guidance.
2. Optimistic scenario
If inflation data declines, the Federal Reserve signals a rate cut, or ETF capital continues to flow in net, Bitcoin could break through 85k USD, testing 90k USD or even higher.
However, stabilizing above 90k USD would require stronger catalysts.
3. Pessimistic scenario
If inflation exceeds expectations again, the Federal Reserve restarts rate hikes, or major geopolitical risks emerge, Bitcoin could fall below 76k USD, dropping into the 75,000-70k USD range.
But a full crash below 60k USD is less likely.
Overall, the closing price in May is more likely to reflect short-term volatility.
The medium- to long-term institutional slow bull logic still exists, but in the short term, macro policies and market sentiment have a significant impact.