BTC hits $100,000, is the bull market's mid-game drumbeat sounding? May predictions exposed
As May kicks off, the crypto market is firing on all cylinders, with the total market cap back at $3 trillion. BTC once surged to $97,000, with bulls launching a powerful offensive. Currently, it is just 14% away from the high of $109,000, and market sentiment has clearly turned bullish.
A stronger signal is that BTC's dominance has reached a four-year high, and trading volume has rapidly rebounded from $20 billion to over $30 billion, indicating that volatility will significantly increase, with the market poised to accelerate at any moment. Weekly structure shows that while CMF appears slightly weak, the BMSB bull market support band is about to show a bullish crossover, with the second phase of the bull market ready to launch.
In the short term, there might be a slight pullback, and the support at $96,000 may not hold firmly — but in the long term, BTC is likely to challenge $105,000 before the end of the month, and there is potential to set a new all-time high.
Have you taken your position in this bull market? What do you think about May's key map? Share your thoughts in the comments
