Key Takeaways:
- Bitcoin must hold the $91,500–$92,000 support zone to preserve its bullish structure.
- Price faces short-term resistance at $94,900–$95,000, limiting immediate upside.
- A breakdown below $92K could send BTC down toward $88K.
Crypto analyst Michaël van de Poppe stated on May 4, 2025, that Bitcoin must hold above the $91,500–$92,000 support range to maintain upward momentum toward a new all-time high. The level that previously acted as resistance has become a critical support level and could determine Bitcoin’s future direction.
Bitcoin Support Zone Indicates Potential Climb to $108K
According to van de Poppe’s tweet, holding the $91,500–$92,000 range would validate a bullish continuation.
At the time of publication, on May 5th, Bitcoin trades around $94,500—well above the key support level—further strengthening the bullish continuation outlook outlined by van de Poppe.
Bitcoin Bounces, but Resistance Looms Near $95K
Bitcoin has shown signs of a short-term recovery after dipping near $93,500, a level that triggered a modest bounce on May 5. However, technical signals suggest that recovery might be limited unless BTC can clear a key resistance zone around $94,900–$95,000.
On the 1-hour chart, price action is pressing up against the middle line of the Bollinger Bands, which aligns with the 20-period simple moving average (SMA) — a common short-term resistance level. BTC will need to break above that to reclaim stronger bullish momentum.
Furthermore, the standard RSI sits around 41 — still below the neutral 50 mark — suggesting that the broader trend remains weak despite the rebound.
A break below $93,500 could lead to further declines towards $92,800, followed by the crucial $91,500–$92,000 range. This zone – previously noted by Michaël – is vital for maintaining the bullish outlook; losing it might trigger a more significant drop towards $88,000.
However, if Bitcoin holds the current support and pushes past $95K with volume, the next hurdle lies near $96,000–$96,500. Clearing that would improve the odds of revisiting its all-time high around $109,114.88, but currently, that remains a distant target.
Momentum Meets Macro Risks
Traders are urged to remain cautious, as markets are highly sensitive to geopolitical tensions, trade disputes, and broader economic forces, such as interest rate decisions, inflation data, GDP performance, and fluctuations in the U.S. dollar index.
With key CPI figures and potential Fed commentary approaching, even minor macroeconomic shifts could trigger sharp volatility across the crypto space.
