Bitcoin Price Racing Towards $36,000, Analysts Suggest

Bitcoin Price Racing Towards $36,000, Analysts Suggest.

In the early trading hours of the Asia market on May 15, Bitcoin gained more than 2% with the BTC price moving past $27,400.

[{"selector":"#anim-41fee2f1-fd2d-4e2a-878e-ac49417e5003","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee6385ea-a00b-4185-acc6-3ef002447ab6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf1b7194-1469-4726-96f3-ac3cb68ee100","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

With the latest surge, Bitcoin broke past the crucial resistance of $27,200 and is expected to move further up the charts.

[{"selector":"#anim-64470bb7-c5a0-42dd-aeb9-ed92b5104450","keyframes":{"transform":["translate3d(-121.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ec8573c-86a2-4d6a-aa40-3d670689618a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c90545a-984a-4b50-a530-bd961d381f64","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-a5e01351-5cd2-415a-bfdd-b53756436c65","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de8e9683-1e66-4b3c-8e24-4897c981d6ff","keyframes":{"transform":["translate3d(0px, 136.15341%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Michael Van de Poppe, a popular crypto analyst, stated that the recent price breakout sets Bitcoin up for the next rally to $36,000 and beyond.

[{"selector":"#anim-fd1ef7d0-179b-4b7f-abaf-7e4f50a2b55a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91a1b2ae-29d4-4aec-80e4-3e7e84fc0dd0","keyframes":{"transform":["translate3d(0px, 142.08594%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0322e603-1ca4-4ecf-8f94-6fe1a157dbd3","keyframes":{"transform":["translate3d(-116.39871%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5f89f50-aede-4a0a-a050-05c12040d8bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd08a45c-5c8c-473e-8eff-baca433a5d03","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Ali Martinex, another crypto analyst, explained, “The TD Sequential presented a buy signal on BTC daily chart, anticipating a potential rebound.”

[{"selector":"#anim-358a66eb-6150-4682-b202-a26106c0335c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-214b851d-7937-49d7-8463-b07c2340d6e0","keyframes":{"transform":["translate3d(0px, 128.95297%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15f193ad-444e-4763-9160-87b1c9282525","keyframes":{"transform":["translate3d(-114.81482%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4bd27cb-7a3b-40f9-b20d-735c6f9c2a96","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1125b65c-5b4c-4fb2-9c26-8800ce9ebfba","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Bitcoin accumulation has been consistent throughout the recent dips, increasing the total number of Bitcoin addresses with a balance greater than 100 BTC to 200.

[{"selector":"#anim-833cc80f-b53c-4597-927a-2f498e5ae4af","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6033eed4-c0ec-42f9-aac5-79e80c76ff92","keyframes":{"transform":["translate3d(0px, 134.44444%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0a25f23-793c-4dd9-ba8b-3705b0cc0fd1","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e78f982e-7365-4c02-b1ff-da2bc522be6f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f0e4d70-6783-49a3-96fa-d8602de7efc1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

As per the recent developments, Bitcoin (BTC) has also managed to flip the US Dollar as the preferred asset in the market.

[{"selector":"#anim-a3ff3c8a-2b18-463e-80ca-62eaf2f60a26","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cdc29c5-0e2b-4937-bc39-f6818f0ffa85","keyframes":{"transform":["translate3d(0px, 147.32095%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e91ddf71-a224-41e8-8c8c-3fd3645ff94b","keyframes":{"transform":["translate3d(-118.89251%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc87226c-d268-4c10-a60e-4b69f17af596","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1da70b78-0f80-4175-842b-46b7a91fec8d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Other than Bitcoin, altcoins such as Ethereum, Cardano, Solana, and Polygon have all gained between 1.5-2%.

[{"selector":"#anim-ca76d42a-aaca-4b64-85b5-56ee6319256c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53c907cb-7f62-40aa-8482-9574923552e2","keyframes":{"transform":["translate3d(0px, 171.39207%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eeb9f86f-f160-4a62-a52c-a0c7e6d720c4","keyframes":{"transform":["translate3d(-118.51852%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c4195f1d-4869-4290-a64b-505a8b25751c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e629c14-ba01-4b1f-b632-b626259970ca","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-759a3172-eaca-42e2-9425-4acd335654d0","keyframes":{"transform":["translate3d(774.46784%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-3d7c0c9e-4d61-403b-8080-ccf900579ac8","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Swipe up for more stories...