Leading cryptocurrency analyst Michael van de Poppe predicts Bitcoin could reach $80,646 in May 2026. The forecast comes after BTC rebounded in value, going from a low of $65,000 to a high of $76,000 in April. The world’s biggest cryptocurrency, with a market cap of $1.5 trillion, is predicted to surge next month based on Poppe’s technical analysis.
Bitcoin is trading at $76,900 on Tuesday after experiencing a flash crash on Monday, where BTC plunged from $79,000 to $76,000 in an hour. Poppe shared a chart on his TradingView channel explaining that BTC is gaining upside momentum. “The markets are still shaping up for more upside, and it’s still holding crucial levels,” he wrote.
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How High Will Bitcoin Trade in May 2026?
According to Poppe’s latest price prediction, Bitcoin is projected to reach between $85,000 to $88,000 in May 2026. That’s approximately 11% to 15% returns if the forecast plays out accurately next month. “I think that we’ll see $85-88K in May and correct/consolidate from there,” he predicted. An investment of $1,000 could turn into $1,100 to $1,150 if the estimate turns out to be accurate.
Bitcoin has had a rough year in 2026 due to the conflict in the Middle East, which led to the global market experiencing problematic situations. BTC remains under pressure as it hasn’t been able to climb above $80,000 for 4 months. It fell from a high of $97,000 mid-January, never to reclaim its lost territory. The market is also under the impression that the Iran-Israel war could reignite, as the Strait of Hormuz is still closed despite the ceasefire.
Iran announced that it is ready to open the Strait of Hormuz, but under certain conditions. However, US President Donald Trump is unlikely to accept the conditions. Secretary of State Marco Rubio said in an interview with Fox News, “We can’t let them get away with it.” Bitcoin could slide further if the negotiations don’t go through, leading to a bigger crash in the market. BTC is already down nearly 18% over the past year and could slide further if the deal falls apart.