Bitcoin price prediction is now turning bullish as analysts signal BTC could reclaim the $100,000 level in the near future. They attribute a significant contribution from the increase in inflows into Bitcoin ETF, which raked in over $460 million on Tuesday, May 5.
Bitcoin price prediction suggests a strong bullish sentiment, with spot ETF inflows robust and supporting technical indicators. New data from Farside Investors reveals that Bitcoin ETFs in the U.S. saw $467.3 million in net inflows on May 5.
Spot Bitcoin ETF Inflow Data | Source: Farside Investors
It continues a streak of strong inflows since May 1. Analysts believe it helped further push the Bitcoin (BTC) price higher toward crucial resistance levels.
Looking at the fund-wise data, the figures show that BlackRock Bitcoin ETF (IBIT) still attracted the highest capital with $251.4 million inflow. Moreover, Fidelity’s FBTC was not far behind with a $133.2 million influx.
Meanwhile, Ark Invest Bitcoin ETF (ARKB) saw inflows of $92.3 million, and Bitwise’s BITB registered flows of $14.6 million. On the negative side, Grayscale’s GBTC reported outflows of $18.4 million while several other funds were mostly flat.
Further, it’s important to note that May started with a strong institutional bid. Total inflows of $629.8 million and $532.3 million flowed into Bitcoin ETFs on May 1 and May 4, respectively. This shows regular institutional demand during the inception of this month.
In his Bitcoin price prediction, analyst Ali Martinez said that a key weekly technical indicator had flipped.
He said that Bitcoin (BTC) price has maintained “structural strength” since it made a bullish MACD crossover on April 13. That phenomenon has boosted its price by 15% so far.
Bitcoin Price Prediction | Source: Ali Charts, X
Historically, this signal has been the beginning of massive rallies, Martinez said. He referenced previous cycles that have seen similar crossovers with gains of 147% in October 2023, 75% in October 2024, and 35% in May 2025.
These past breakout phases are clearly shown on the Bitcoin USD chart shared by Martinez. The Bitcoin price prediction chart shows each MACD crossover precedes a strong move higher.
Martinez noted a major level of resistance on the daily chart, which is the 200-day SMA around $83,000. “A clean daily close above this hurdle could clear the path for a macro expansion toward $89,000, with a secondary target at $94,000.”
If it breaks above the $94,000 resistance zone, the next Bitcoin price prediction target lies at the psychologically critical $100,000 level.
Analyst Michaël van de Poppe also offered a bullish Bitcoin price prediction outlook. He noted the importance of continued demand for the Bitcoin ETF, as well as other market factors.
“Multiple days in a row we’re seeing strength on Bitcoin,” he remarked.
Bitcoin Price Analysis | Source: Michaël van de Poppe, X
He added that short consolidation periods before continuation higher are “very healthy.” His Bitcoin (BTC) price chart indicates that BTC is continuing to make higher bottoms.
The Bitcoin USD chart shows that BTC is also trading way higher than the “crucial area to hold” around $71,400.
Poppe spotlighted another positive sign, which is macro correlations. He said that the volatility of traditional markets has been declining.
“Nasdaq moved first, volatility goes down, so Bitcoin moves,” he stated in his Bitcoin price prediction. In addition, he added that BTC received more than $1 billion in inflows during the first few days of the month.
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