Bitcoin Price Prediction: Bitcoin Holds Crucial $75K Area as Bulls Target $90K

CoinpaperMay 192 min readSingle source

The gist

5-point summary · 1 min

Bitcoin is retesting the breakout zone from its W-pattern, with the $75,800-$76,800 area now acting as the key support range.
Bitcoin Price Retests W-Pattern Breakout as $90K Target Stays in Play Bitcoin is retesting the W-pattern breakout zone from above on the daily chart shared by Man of Bitcoin on X.
Source: Man of Bitcoin on X The chart shows Bitcoin first dropped below the zone in February, then formed two rounded lows near the $64,000-$67,000 area.
In that case, the next upside target sits near the green resistance line around $97,835, while Man of Bitcoin pointed to a possible move toward $90,000+.
Bitcoin is trading above the 100-day SMA near $75,841, while the 2025 low area sits around the same support band.

$75K$90K$75,800$76,800$90,000$76,973,

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Bitcoin is retesting the breakout zone from its W-pattern, with the $75,800-$76,800 area now acting as the key support range. At the same time, BTC remains above major moving averages, keeping the $90,000 upside setup active as long as support holds. Bitcoin Price Retests W-Pattern Breakout as $90K Target Stays in Play Bitcoin is retesting the W-pattern breakout zone from above on the daily chart shared by Man of Bitcoin on X. The BTC/USD chart shows price trading near $76,973, close to the horizontal breakout area around $75,811. This level now acts as the main support after Bitcoin recovered from the March-April W-pattern structure. BTC/USD Daily Price Chart. Source: Man of Bitcoin on X The chart shows Bitcoin first dropped below the zone in February, then formed two rounded lows near the $64,000-$67,000 area. After that, BTC climbed back above the neckline and pushed toward the $82,000 area. Now, Bitcoin has pulled back to test the same neckline from above. This type of retest often decides whether the breakout can continue or fail. If BTC holds above the $75,811 area, the W-pattern setup remains active. In that case, the next upside target sits near the green resistance line around $97,835, while Man of Bitcoin pointed to a possible move toward $90,000+. However, a daily close below the breakout level would weaken the setup. It would show that Bitcoin failed to hold the neckline as support after the breakout. For now, Bitcoin is at a key decision point. The chart supports another upside leg only if BTC holds the retest zone and avoids a breakdown back below the W-pattern neckline. Bitcoin Pullback Stays Orderly as BTC Holds Key Moving Average Support Bitcoin is still holding a key moving average support zone on the daily chart shared by Super฿ro on X, keeping the pullback controlled for now. The BTC/USD chart shows Bitcoin trading near $76,769 after pulling back from the recent high area above $82,000. However, price remains close to the 50-day EMA and 100-day EMA confluence, which the analyst marked on the left chart. BTC/USD Daily EMA and SMA Chart. Source: Super฿ro on X The EMA chart shows the 50 EMA near $76,725 and the 100 EMA near $76,854. BTC closed above that zone, which means buyers are still defending the short-term trend structure. The SMA chart on the right gives another support view. Bitcoin is trading above the 100-day SMA near $75,841, while the 2025 low area sits around the same support band. This makes the $75,800-$76,800 area important. As long as BTC holds this range, the pullback looks like a normal retest after the recent rally. However, a daily close below the 100 SMA and the 2025 low area would weaken the setup. It would show that Bitcoin lost the moving average support that has helped protect the recovery. For now, the chart does not show a breakdown. It shows Bitcoin testing support while staying above the main moving average zone.

Integrity note · Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at Coinpaper. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. Data note: The latest daily, four-hour and one-hour candles were incomplete when this analysis was prepared. Exchange-specific Bitcoin prices may also differ slightly. I'm also closely monitoring the digital asset space after , putting immediate pressure on lower order-flow shelves as bulls fight to defend structural trendlines. Regulatory headwinds also resurfaced as the , injecting fresh institutional hesitation into active trading books. Meanwhile, broader risk sentiment showed divergence across asset classes as , underscoring rotational breadth away from mega-cap tech into small-cap momentum. Macro headwinds and geopolitical posturing remain front and center following headline chatter that , all while monetary policy uncertainty lingers after amidst baseline model variances. Why Bitcoin’s stabilization is constructive but incomplete Bitcoin recently fell to approximately $62,535, where the decline attracted meaningful buying. Price subsequently recovered toward $63,100, strengthening the case that buyers are willing to defend the lower part of the previous month’s trading range. What stands out to me, however, is how little upward progress followed that buying. Several periods showed positive buying pressure, but BTC remained concentrated around $63,050 and repeatedly struggled to extend beyond $63,150-$63,175. In simple terms, buyers have shown that they can slow the decline, but they have not yet shown that they can move Bitcoin into a clearly higher trading range. This is the difference between stabilization and recovery: Stabilization means sellers are no longer pushing price lower with the same ease. Recovery means buyers are lifting price, holding above resistance and shifting the market’s most active trading area higher. Bitcoin has shown the first condition. The second still needs confirmation. Why $62,380 and $64,095 matter The previous month’s value area provides a useful map of where most Bitcoin trading took place: Value Area Low near $62,380: The lower boundary of the previous month’s heavily traded range. Point of Control near $64,095: The price that attracted the most trading activity during the month. Value Area High near $65,050: The upper boundary of the previous month’s accepted range. BTC is currently about $720 above the monthly Value Area Low, but almost $1,000 below the monthly Point of Control. Holding above $62,380 tells us that demand inside the previous month’s range has not completely failed. Remaining below $64,095 tells us that buyers have not regained control of the broader value structure. This is also why $64,095 may be more important than $64,000 itself. The round number attracts attention, but $64,095 represents the previous month’s busiest price area. A brief move above $64,000 could still become another failed breakout. Holding above $64,095 would provide stronger evidence that the market is accepting higher prices again. As discussed in our previous analysis, Bitcoin’s created technical repair work for buyers. That repair is not complete simply because BTC has bounced from $62,535. Bitcoin support and resistance levels to watch What would strengthen the bullish Bitcoin scenario? Swing traders should have 3 key price levels: The Value Area Low (VAL), Point of Control (POC) and Value Area High (VAH) of the previous month. Together, these levels map the previous month’s main area of accepted trading: the VAL marks its lower boundary, the VAH its upper boundary, and the POC the price where the most volume traded. Traders watch them because holding inside the area suggests continued acceptance, while a sustained break outside it may signal that the market is searching for a new value zone. The first constructive step would be sustained trade above $63,175. Buyers would then need to clear and hold above $63,247-$63,270. That would improve the probability of a move toward $63,350 and, eventually, the much larger $64,000-$64,095 test. A more convincing recovery would include: Bitcoin reclaiming $64,000. Price moving above the monthly point of control near $64,095. A pullback successfully defending the reclaimed area. Trading activity beginning to concentrate above $64,095 rather than immediately slipping back below it. If that sequence develops, approximately $65,050 becomes the next major value-area objective. What this means: Acceptance is more than touching a level. It means price spends time above it, survives pullbacks and begins treating the higher area as support. What would weaken the stabilization attempt? Failure to hold $62,920-$62,800 would weaken the current short-term base and increase the probability of another test of $62,535. The more serious bearish development would be sustained trade below $62,380. That would place BTC outside the previous month’s accepted value area and suggest that the market may need to search for demand at lower prices. Traders should still distinguish between a brief move below $62,380 and genuine acceptance beneath it. Crypto markets can produce fast stop-runs through visible support before reversing. Repeated closes or continued trading below the level would carry more bearish significance than a momentary sweep. What Bitcoin traders may consider watching Different traders may use these levels in different ways, at their own discretion: Short-term breakout confirmation: Watch whether BTC can break above $63,175 and successfully retest it, with $63,247-$63,270 providing the next validation area. Support-zone reaction: If BTC returns to $62,380-$62,535, watch whether buyers defend it again or whether selling begins to hold below the zone. Broader recovery confirmation: Treat $64,000-$64,095 as the decisive recovery test instead of assuming that every bounce from $63,000 marks a durable bottom. Because Bitcoin trades continuously, weekend conditions can sometimes involve thinner liquidity and less reliable breakouts. Confirmation through time, repeated closes or a successful retest may therefore be more useful than reacting to the first price spike. What should Bitcoin traders watch next? Bitcoin has defended the lower part of the previous month’s value area, but the rebound still needs to prove itself. The immediate challenge is to move beyond $63,175 and $63,270. The much larger test remains $64,000-$64,095. A successful reclaim would indicate that Bitcoin is returning toward the center of the previous month’s accepted value rather than merely bouncing from support. Until that happens, Bitcoin may be stabilizing, but it is not yet showing a fully confirmed bullish recovery. This analysis presents conditional market scenarios and opinions (not promises) at investingLive.com, not a guarantee of future performance. Traders should consider volatility, position size and their own risk limits before acting. This article was written by Itai Levitan at investinglive.com.

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