Renowned cryptocurrency analyst Michael van de Poppe predicts that Bitcoin’s price could reach $80,646 by May 2026. Previously, Bitcoin rebounded in April, rising from a low of $65,000 to a high of $76,000. According to van de Poppe’s technical analysis, the world’s largest cryptocurrency, with a market cap of $1.5 trillion, is expected to surge next month.
After a flash crash on Monday, Bitcoin traded at $76,900 on Tuesday. BTC price dropped from $79,000 to $76,000 within one hour. Poppe shared a chart on his TradingView channel, explaining that Bitcoin is gaining upward momentum. “The market still has potential for further gains and is currently holding key levels,” he wrote.
How high will the trading price of Bitcoin reach in May 2026?
According to Pop's latest price prediction, Bitcoin is expected to reach between $85,000 and $88,000 by May 2026. If next month’s forecast proves accurate, this would yield a return of approximately 11% to 15%. I believe the stock price will reach $85,000 to $88,000 in May, then begin to correct or consolidate from there. He predicts: “If the estimate is accurate, a $1,000 investment could become $1,100 to $1,150.”
Affected by the Middle East conflict, Bitcoin experienced a difficult year in 2026, which also plunged global markets into turmoil. Bitcoin remained under persistent pressure, failing to break above the $80,000 mark for four months. It retreated from its high of $97,000 in mid-January and has not reclaimed that level since. Additionally, despite a ceasefire agreement, the Strait of Hormuz remains closed, fueling widespread concerns that the Iran-Israel war could reignite.
Iran has announced it is preparing to open the Strait of Hormuz, but only under certain conditions. However, U.S. President Donald Trump is unlikely to accept these conditions. Secretary of State Marco Rubio stated in an interview with Fox News: “We cannot let them get away with this. If negotiations collapse, Bitcoin prices could fall further, triggering a more severe market crash. Over the past year, Bitcoin’s price has already dropped nearly 18%, and if talks fail, the price may continue to decline.”