Bitcoin bulls are back in action after defending the lows just below $75,000, keeping hopes for further upside alive. The BTC price has now reclaimed $77,000 and marked an intraday high of $77,453. However, bearish pressure continues to cap gains near this range. At the same time, the upside move is failing to generate strong follow-through, with price action showing signs of hesitation instead of acceleration.
This raises a key question: Is the breakout sustainable, or could it turn into a potential trap?
Bitcoin Price Breaks $77,000, But Momentum Fades
The BTC price has turned bullish heading into the monthly close, rising over 11% and marking a second consecutive green close after five bearish months. This has helped the price begin the new month on a marginally positive note, climbing 1% to 2% to trade above $77,200. However, momentum quickly weakened as the breakout failed to attract strong buying interest. Buyers did not step in with conviction, leaving the price stalled near the breakout zone.
In the short term, BTC continues to struggle near the local resistance around $77,000 over the past few sessions. Buyers repeatedly fail to sustain strength at this level, yet they are also preventing a deeper drop below $75,000. This reflects a lack of conviction in the rally, where even minor recoveries are met with quick sell-offs. On the other hand, the price has failed to reclaim the 50-day MA, which acted as a strong base throughout April. Additionally, the RSI has flattened after remaining elevated, further validating the fading momentum.
What’s Next? Will Bitcoin Price Break $100,000 in May?
In a broader perspective, the BTC price continues to trade under bullish influence, as it has been defending the support at $75,000. Currently, Bitcoin is trading near the $77K region, where buyers are attempting to stabilize the price within a previously strong demand zone. However, the structure still reflects lower highs, suggesting that bullish momentum has yet to fully return. For Bitcoin to move toward the $100K mark in May 2026, it must first reclaim the $86K–$90K range and sustain above it.
From a momentum and capital flow perspective, the setup does not yet support a strong upside expansion. The RSI remains below mid-levels, reflecting weak momentum, while the CMF continues to trend in negative territory, signaling persistent outflows. This suggests the ongoing bounce lacks strong accumulation and is more likely a relief move than the start of a new rally.
Unless the Bitcoin (BTC) price sees a sharp shift in momentum and reclaims higher resistance zones quickly, the probability of reaching $100K within May remains low, with the market more likely to stay in a consolidation phase or attempt a gradual recovery rather than a vertical breakout.