
Bitcoin is at a critical technical point with strong resistance around $80,000 and significant sell orders creating overhead supply. Historically, May tends to be a weak month for Bitcoin, often closing with losses, adding seasonal pressure. However, recent strong ETF inflows and institutional demand have boosted Bitcoin's momentum, suggesting the market may continue to push higher despite these challenges. The outcome depends on whether bulls can overcome the $80k resistance and if the seasonal pattern repeats or shifts toward a continuation of the rally.