FX.co ★ karl.vonrueden | Bitcoin/BTCUSD forecasts

#Bitcoin, Tuesday May 5, 2026

The crypto asset price on Monday once again recorded a bullish daily trend, extending last week's bullish wave. On the H4 timeframe this afternoon, the candle is still swinging upwards in a strong bullish formation at the price level of 80714, moving away from the dynamic EMA21 blue line crossing with the purple EMA50 above the dynamic EMA200 orange line. The bullish technical support direction is also evident in the CCI14 indicator, which is currently swinging up away from the neutral zero line. In general, the trading plan to BUY BITCOIN for Tuesday is still the most profitable option, by placing a stop loss at the lower area of 78185 and a take profit target at the resistance area of 85000.