Bitcoin's price trajectory has shifted upward as significant ETF inflows counteracted bearish pressures, pushing the cryptocurrency toward $95,600. Despite initial attempts by bears to drive prices lower, the week ending May 3, 2026, saw a reversal, with Bitcoin closing above the middle Bollinger Band at $76,589. This movement, characterized by a long lower shadow on the weekly candlestick, indicates strong buying interest. The surge was fueled by $630 million in net inflows into U.S. spot Bitcoin ETFs on May 1, reversing previous outflows and creating a short squeeze. This influx of capital has bolstered Bitcoin's price, with the potential for further gains if the price consolidates above the middle Bollinger Band. Currently trading below $76,500, Bitcoin's upward momentum suggests a target of $95,600 is within reach, challenging short sellers' positions.