Bye-Bye Bitcoin Bears: Why This Weekly Close is the Bullish Green Light to $95,600 BTC

utoday05-03

The Bitcoin market has resolved the trend debate - while at the beginning of the week bears tried to push the price down amid outflows from funds, the finale of the week of May 1-3, 2026 turned into ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2632602524?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-03 10:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2632602524","market":"nz","top_or_hot":-1,"title":"Bye-Bye Bitcoin Bears: Why This Weekly Close is the Bullish Green Light to $95,600 BTC","media":"utoday","content":"<div>\n<p>The Bitcoin market has resolved the trend debate - while at the beginning of the week bears tried to push the price down amid outflows from funds, the finale of the week of May 1-3, 2026 turned into ...</p>\n\n<a href=\"https://u.today/bye-bye-bitcoin-bears-why-this-weekly-close-is-the-bullish-green-light-to-95600-btc\">Source Link</a>\n\n</div>\n","source":"utodaynews_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bye-Bye Bitcoin Bears: Why This Weekly Close is the Bullish Green Light to $95,600 BTC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBye-Bye Bitcoin Bears: Why This Weekly Close is the Bullish Green Light to $95,600 BTC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-03 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://u.today/bye-bye-bitcoin-bears-why-this-weekly-close-is-the-bullish-green-light-to-95600-btc><strong>utoday</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Bitcoin market has resolved the trend debate - while at the beginning of the week bears tried to push the price down amid outflows from funds, the finale of the week of May 1-3, 2026 turned into ...</p>\n\n<a href=\"https://u.today/bye-bye-bitcoin-bears-why-this-weekly-close-is-the-bullish-green-light-to-95600-btc\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03042","symbol_name":"华夏比特币","start_time":0,"source_url":"https://u.today/bye-bye-bitcoin-bears-why-this-weekly-close-is-the-bullish-green-light-to-95600-btc","article_id":"2632602524","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/bye-bye-bitcoin-bears-why-this-weekly-close-is-the-bullish-green-light-to-95600-btc","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2632602524","pubTimestamp":1777775400,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"TheBitcoin market has resolved the trend debate - while at the beginning of the week bears tried to push the price down amid outflows from funds, the finale of the week of May 1-3, 2026 turned into bo","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","03042":"华夏比特币","03008":"博时比特币","BK4588":"碎股","BITO":"比特币期货ETF-ProShares","BLSG":"2倍做多BLSH ETF-Leverage Shares","BK4112":"金融交易所和数据","BK4585":"ETF&股票定投概念","BLSX":"Tradr 2X Long BLSH Daily ETF","BK4594":"比特币ETF概念","BK1611":"加密货币现货ETF","BK4601":"加密货币现货ETF","BTC":"Grayscale Bitcoin Mini Trust","03439":"嘉实比特币"},"translate_title":"再见比特币空头：为什么本周收盘价为95,600美元BTC开了看涨绿灯","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"BLSG":0.6,"BTC":0.6,"03439":0.65,"BLSX":0.6,"BITO":0.6,"03042":0.65,"03008":0.65},"content_text":"The Bitcoin market has resolved the trend debate - while at the beginning of the week bears tried to push the price down amid outflows from funds, the finale of the week of May 1-3, 2026 turned into both a technical and fundamental trap for short sellers. The main feature on the chart is a weekly candle with a long lower wick, which at the time of writing is precisely closing above the middle Bollinger Band at $76,589 as displayed by TradingView. The price did not just break above this level, but retraced, tested the zone below mid-band for demand, and bounced. Such a wick is the footprint of an aggressive buyer - while retail participants hesitated, \"smart money\" used the local dip to add to positions.Bitcoin weekly chart with Bollinger Bands attached, Source: TradingView$630 million ETF inflow triggers major Bitcoin bear trapData on US spot Bitcoin ETFs over the week explains why the bearish pressure failed. After three days of outflows from April 27 to 29, when the market lost nearly $500 million, a turning point occurred. In just one trading day on May 1, ETFs saw $629.73 million in net inflows, according to SoSoValue. This massive inflow fully offset the weekly negative and became the \"fuel\" that pulled the candle's wick upward.Total Bitcoin Spot ETF Net Inflow in a week from April 27 to May 1, Source: SoSoValueWhen a technical pattern - a pin bar above the middle Bollinger Band - is confirmed by such inflows of real money, the probability of continued growth becomes elevated as the candle's wick shows that strong demand for Bitcoin sits below $76,500. From a volatility perspective, consolidation above the center of the Bollinger Bands opens the path to the upper boundary of the channel, located at $95,600.For bears, there is currently nothing to build their case on. The combination of a bullish weekly close and the return of aggressive ETF buying makes a move toward $95,600 the base scenario for May 2026.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2632602524","isCrawlerRequest":true}