Bitcoin Price Is Once Again Trading Above $80,000, Reigniting Bullish Sentiments, How High Can BTC Go?

• UAE Sovereign Wealth Fund discloses buying $320 million worth of Bitcoin ETF.

• This signals oil money flowing into crypto.

• Response state it is bullish to see the country diversifying its portfolio into crypto.

The price of Bitcoin has been slowly moving towards higher targets since the previous months, leading experts to hope for bullish targets lying ahead for the pioneer crypto asset. To highlight, the crypto community is pleased to see that Bitcoin price is once again trading above $80,000, reigniting bullish sentiments. Reputed crypto experts discuss the possibilities of how high BTC can go in the months ahead.

Bitcoin Price Is Once Again Trading Above $80,000

The crypto market has been moving in what bullish analysts believe to be a short crypto winter, a phase that may have now reached its end. To explain, the $20 billion liquidation event in Q4 of 2025 led to BTC losing its 6-digit prices and falling below $90,000. Since then, Q1 of 2026 saw BTC dip even further, falling as far as the $60,000 price range. However, in Q2 of 2026, the price of BTC began to climb again.

Now, as Q2 progresses, experts believe BTC has the potential to go as high as $90,000. The majority of April saw Bitcoin’s conviction in reclaiming the crucial $76,000 price range, which immediately led to BTC breaking above $80,000. This, in turn, led to revived bullish sentiments for BTC to climb higher and lead a continued bull run, an outcome that many bullish financial experts called for.

To elaborate, financial experts like Raoul Pal have been speaking of a 5-year supercycle, meaning a deviation from the traditional 4-year bull cycle, where the crypto market should have seen an altseason and entered a bear cycle. But the lack of the altseason pump points to a possibility for a continued bull cycle where both BTC and altcoins will surge to hit higher ATH prices over the coming months.

How High Can BTC Go This Year?

In contrast, the bearish point of view was expecting the price of BTC to fall much further and set a bottom in the $40,000 price range, a move that is still being expected if the bulls fail to ride the current rising momentum. Among the many bearish analysts, Doctor Profit remains one of the most bearish, and despite his claims for BTC to drop to $40,000, he predicted that the asset would first reclaim $80,000.

No one expected $80,000 weeks ago

I was the only one who said 80k is coming

Thanks for listening and taking the 71k long!

I am aiming for 83-85k region as next target

— Doctor Profit 🇨🇭 (@DrProfitCrypto) May 4, 2026

As we can see from the post above, this reputed crypto expert, known for his many accurate market predictions so far, gloats about another accurate call. He mentions how, when no one expected $80,000, he did, and goes on to boldly state that BTC will climb even higher to reclaim the $83,000 – $85,000 price region as the next target. Will this be the final rise for BTC this year, or can it surprise the market and go higher?