- In the last 24 hours, Bitcoin reached a maximum intradic of $ 97,811 and a minimum of $ 95,964, with a 24 -hour negotiation volume of $ 24.27 billion.
- Bitcoin enters Elliott Wave V with Q1 2026 objectives of up to $ 133K– $ 152K, backed by ETF tickets and institutional purchases.
The cryptocurrency market saw a modest drop in the last 24 hours, with the global capitalization of the cryptography market decreasing 0.59% to establish themselves to $ 2.99 billion. Despite the general red tide, the selected altcoins stole the trend.
Bitcoin (BTC), the Bellwether of the market, was around $ 96,860 on May 3, approximately 1.09% from the maximum of the previous day of $ 97,811 according to Coinmarketcap data. This minor setback followed a previous increase fed by continuous institutional entries and a strong demand for ETF.
Tron (TRX) emerged as the artist highlighted in the Top 20
Among the 20 main cryptocurrencies for market capitalization, Tron (TRX) emerged as the outstanding interpreter with a gain of 1.43%, backed by a constant activity in the chain and a growing interest of the developer.
On the loser side, Filecoin (FIL) led the withdrawal, falling 3.9% in 24 hours. Other notable lags included Litecoin (LTC) (-1.46%), Chainlink (Link) (-2.03%), Ethereum Classic (etc.) (-1.39%) and Solana (Sun) (-1.77%).
Ethereum (ETH), the second largest cryptocurrency, quoted at $ 1,829, winning 0.3% in the middle of a relatively quiet activity in the Defi and L2 sectors.
Spot Bitcoin ETFS witnessed net tickets of more than one billion in 2 days
Bitcoin’s minor immersion denies a broader bullish impulse. The upper cryptocurrency recorded a daily negotiation volume of $ 24.27 billion (21.91%less). But, BTC still continues to attract strong institutional attention. In the first 2 days of this month, The Bitcoin Spot ETFs were witnesses of net tickets of more than one billion according horn data. This highlights the sustained demand for institutional investors.
This accumulation trend is evident in the metrics in the chain, with the number of wallet addresses that remain more than 1 BTC that reach new historical maximums.
Treasury entities such as Microstrategy and Metaplenet continue to increase their holdings, hardening the available supply even more.
John Glover Bitcoin pricing analysis: Elliott Wave V at stake, $ 152K goal in view
John Glover, LED and veteran investment director of Barclays with more than 25 years in FX and institutional risk management, shared his technical perspective on Bitcoin’s price trajectory using Elliott’s wave theory.
“It seems that we have finally confirmed the end of Wave IV and now we are in wave (i) of Wave V,” said Glover. See the box below showing the complete Elliott wave cycle.
“As always, Wave V will be formed by 5 sub-warehouses, as the yellow discontinuous lines represent. The ultimate goal remains $ 133K to $ 136K, with a projected completion date of the first quarter of 2026. This target of wave v projected is conservative and has the potential to overcome at ~ $ 152K, but we will have a more complete image towards the end of this year.”
Glover also warned about the potential volatility within the V wave: “Keep in mind that the wave (i) can be completely on the wave (II), so a new test of the minimum of $ 74.5K of the Ola IV is not out of discussion. But my expectations continue to be for a demonstration at $ 133K- $ 136K at the end of this year or next year.”
This analysis, backed by the improvement of macroeconomic feeling and historical behavior, offers an optimistic roadmap for Bitcoin’s long -term growth.
The actions of Wall Street and European recovered on Friday
The US capital market published profits on May 2, adding tail winds to the cryptographic sector. The S&P 500 closed 1.47%, promoted by a non -agricultural payroll report than expected for April 2025. With this increase, the S&P 500 has now recovered its losses since April 2, promoted by the announcement of President Donald Trump of the “reciprocal” rates.
The Nasdaq compound also advanced 1.51%and closed at 17,977.73. The heavy Nasdaq for technology has won in the last two days driven by the solid profits of the first quarter of two great technological players.
The target platforms registered stronger income than expected in the first quarter, with the Meta CEO, Mark Zuckerberg, saying about a profit call on Wednesday that the business is “working very well” and “well positioned to navigate the macroeconomic uncertainty.”
Microsoft has also reported quarterly results better than expected, driven by its Azure cloud business.
Microsoft shares increased by 7.6%, while target shares advanced 4.2%. Information technology far exceeded the other 10 sectors in S&P 500.
Meanwhile, Dow Jones Industrial Avenge increased 1.39%, driven by strong economic data and possible commercial conversations between the United States and China.
Perspectives: institutional tail winds and retail impulse
With Wave V underway, the current Bitcoin cycle seems to be entering its most euphoric phase, historically marked by the exponential growth of prices. If Glover projections are developed, Bitcoin could gather 35% -55% of current levels at the beginning of 2026, which can reach the range of $ 133K- $ 152K.
Supporting this upward vision is to increase ETF tickets, high institutional and treasure accumulation, decreasing winds against macroeconomic and strengthening the foundations in the chain.
While short -term volatility remains a possibility, especially if the wave (ii) triggers a correction, long -term signals suggest that the execution of the bull may have to go.
As the six -digit Bitcoin Eyes territory and the broader cryptography market recover traction, the next rooms could redefine capital markets and digital asset allocation strategies.
Read also: Bitcoin approaches $ 100K as macro colapto rally cola institutions and winds
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