Cryptocurrency trading expert Michael van de Poppe provided short-term targets for Bitcoin (Bitcoin) for consideration as of May 22, 2026.
As Bitcoin price consolidates at around $76,000, after recently being rejected at around $82,000, Bob stated that the support level above $75,000 should hold to validate its near-term bullish rally. Furthermore, Bob highlighted that Bitcoin price has consistently closed above the 20-day moving average (MA), which has served as a support trend line since early April.
Given that there is a CME price gap of about $79,000 in the price of Bitcoin, this analyst predicted that a rally toward $82,000 could happen in the coming weeks. Moreover, he believes that BTC price could rise to a new local high before facing significant resistance around its 50-day moving average.
“If Bitcoin can get back towards the highs, which I think we could likely see in June, we could see a strong move towards $90,000 and the EMA 50 as a crucial resistance area,” male.
Bitcoin Price Forecast as Spot and Leverage Traders Collide
Bitcoin price has been trapped in a horizontal consolidation zone since April 22, at press time. Over the past 30 days, Bitcoin’s price has fallen approximately 3%, trading at around $76,770 at press time.
The major currency saw low upward momentum amid an apparent struggle between spot traders and leveraged traders. For example, the leveraged market for Bitcoin has risen over the past three months, with derivatives traders leaning to the upside, as Finebold has done. I mentioned.
On the other hand, exchange-traded funds (ETFs) in the United States recorded two consecutive weeks of outflows worth a total of $2.1 billion, according to Data from SoSoValue.
Meanwhile, Bitcoin Coinbase Premium Gap, which is the difference between the price of BTC on Coinbase and Binance, fell to the lowest negative level since February, indicating intense selling pressure in the US, based on… Metrics from Cryptoquant. As such, a clear trend can be identified once spot and derivatives traders align their medium-term expectations.
