Bitcoin bulls are back in action after defending the lows just below $75,000, keeping hopes for further upside alive. The BTC price
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.
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