Bitcoin continued to rebound on May 15, reaching a five-day high following the opening of Wall Street. On Bitstamp, BTC/USD hit $27,666, with $40,000 still seen as a magnet for the currency. Crypto analysts including Michaël van de Poppe and Kaleo were positive about Bitcoin’s outlook, with van de Poppe stating that BTC/USD was likely to head towards $38,000-$42,000, while Kaleo saw potential for a move back towards range highs. Meanwhile, material Indicators suggested that volatility was thus far absent from the BTC/USD Binance order book. The US dollar index (DXY) saw a slight comedown on May 15, leading to gains in the crypto market.