Bitcoin Opens May at $78K, Monthly Candle Tests Key Price Range

Bitcoin (BTC) opened May at $78,450, marking a 2.4% gain over the prior 24 hours and a significant jump in daily volume to $33.8B.

This increase is notable, as it follows several sessions of subdued movement and establishes the reference price for the rest of the month.

Traders who rely on monthly pivot levels will use $78,280 as a structural marker, with a close above that level at month-end confirming a second consecutive positive monthly candle.