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Bitcoin May Selloff Debate: Analysts Split on 33,000–78,000 Support Levels

GateNews

Price Prediction Market Analysis

2026-05-18 05:24:05

BTC-1.74%

According to Cointelegraph on May 18, analysts diverge on whether Bitcoin will repeat historical May declines. Merlijn Enkelaar predicts a potential drop to 33,000 USD, while Joao Wedson warns of a capitulation sell-off if Bitcoin falls below 78,000 USD. Jeff Ko argues that current spot ETF adoption and institutional inflows create a wider buyer base; he sees 58,000–60,000 USD as a more realistic support level, with a drop to 33,000 USD requiring systemic collapse. Michaël van de Poppe suggests current price action signals consolidation after a 40% gain, with 76,000 USD as a key support level.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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