This is why one analyst believes the ‘actual’ bull market is ‘very shut.’
Bitcoin managed to rebound swiftly from the February low at $60,000, posting positive aspects for 2 consecutive months. This prompted some analysts to take a position that the cycle’s low is already in and that BTC will not go beneath $60,000.
Others had been much more optimistic, suggesting that the true bull market may be near starting, whereas Ali Martinez outlined a very powerful ranges for BTC going ahead.
What to Look For
The month-to-month candle closure for April confirmed that bitcoin had charted its largest 30-day enhance in a few yr, gaining nearly 12%. However, the broader scale nonetheless exhibits that the asset has been trapped inside a consolidation part between $65,000 and $80,000 for the previous couple of months.
Ali Martinez mentioned the market is seeing “important clusters of orders increase,” making them the “most vital ranges to look at for larger-scale liquidation occasions.”
The overhead barrier is at $80,000, a stage not seen since early February. It serves as the first psychological and technical ceiling, and there is a “huge wall of short-side liquidity” there. If BTC pushes by way of it, $84,000 is more likely to be reached quickly. If that resistance holds, because it has in the course of the previous couple of breakout makes an attempt, bitcoin may discover its means slipping to decrease liquidity swimming pools at $75,000, $73,000, and even $70,000.
“The market is at present in a tug-of-war part. Watch these ranges carefully; a decisive day by day shut exterior of this $75,000 – $80,000 vary will possible outline the pattern for the remainder of the month,” advised Martinez.
In the meantime, fellow analyst CW mentioned BTC is near coming into the rainbow’s inexperienced zone inside 1-2 weeks, which might counsel the beginning of a ‘actual bull market.’ They imagine there hasn’t been a ‘actual’ rally on this cycle, nevertheless it may very well be proper across the nook.
It seems that $BTC will re-enter the inexperienced zone inside 1-2 weeks.
Enter an actual bull market could be very shut.
The rally that follows is the true bull rally of this cycle. There was no actual rally on this cycle. pic.twitter.com/69reNt6oZ1
— CW (@CW8900) May 3, 2026
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Or Perhaps Not
Crypto Rover outlined a special perspective, basing his bearish view on the narrative that BTC remains to be in a bear market and it has by no means closed three consecutive months within the inexperienced in such situations.
In two of the three main earlier such situations, 2014 and 2022, bitcoin had two months in a row within the inexperienced, however the third one was fairly a painful rejection, together with a 17% drop in April 2022. The analyst predicted that “this time possible will not be completely different,” which may show the previous saying true, ‘promote in Might and go away.’
$BTC HAS NEVER CLOSED 3 CONSECUTIVE MONTHS IN THE GREEN DURING A BEAR MARKET YEAR
(2014, 2018, 2022).
It has NEVER occurred.
This time in all probability will not be completely different.
Bearish for Bitcoin. pic.twitter.com/8iRfISt95C
— Crypto Rover (@cryptorover) May 2, 2026
