GME Price to $35 If GameStop Completes $56B eBay Purchase?

Key Takeaways

GameStop’s $56 billion bid for eBay signals a major shift toward becoming a holding company, boosting its stock price.
Bitcoin has also reclaimed $80,000, reflecting institutional-driven momentum, as retail sentiment remains cautious.
Both moves highlight a broader market shift toward proactive capital deployment and positioning for future growth.

GameStop, the retailer-turned-market phenomenon, has stunned Wall Street with a $56 billion proposal to acquire eBay, offering $125 per share in a deal split 50% cash and 50% stock.

Following the move, GME’s price per share surged to a six-month high near $33.50. The price of the eBay stock, on the other hand, climbed roughly 20%.

Interestingly, this happened as Bitcoin’s price also retested $80,000 for the first time since Jan. 31.

But the market reaction wasn’t just about the numbers. It was about what GameStop is trying to become.

Here is a breakdown of all that has happened, and what could be next for GME’s price.

GameStop Is Trying to Redefine Itself

For years, GameStop has lived in two worlds.

To retail traders, it was a symbol — a battleground between WallStreetBets and hedge funds.

To institutions, it remained a struggling brick-and-mortar retailer with an uncertain future.

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Meanwhile, Bitcoin Is Sending Its Own Signal

At the same time, another market is quietly but meaningfully moving.

Bitcoin has reclaimed the $80,000 level, trading near $80,133 after breaking out from a months-long descending channel.

The move was accelerated by a short squeeze after BTC cleared the $72,800 resistance, signaling a new phase of price discovery.

But what stands out isn’t just the price. It’s the sentiment.

Despite the rally, the Fear & Greed Index remains at 40, suggesting retail investors remain cautious.

This suggests the move is being driven more by positioning and institutional flows than by broad retail enthusiasm.

Crypto fear and greed index — Crypto Fear & Greed Index | Credit: CoinMarketCap

The Michael Burry Signal That Came Before This

What makes this moment more interesting is that it wasn’t entirely unexpected.

Michael Burry is back in GameStop.

The investor who first built a position in 2019, long before the meme-stock frenzy, disclosed in early 2026 that he had once again begun accumulating GME shares.

But this time, the thesis is different, as Burry is no longer betting on volatility or retail mania. He’s betting on value.

In his Cassandra Unchained newsletter on May 2, Burry outlined two key reasons for his return.

First, asset-backed value.

He noted that at certain price levels, investors were effectively paying $1 for $1 of tangible assets, including cash and inventory.

That creates a floor — something meme stocks rarely have.

Second, the holding company transformation.

Burry openly praised Ryan Cohen’s strategy, arguing that GameStop had successfully turned its meme-era capital into a $9.4 billion war chest, giving it the ability to act, not just survive.

“If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned,” Burry emphasized.

That’s exactly what’s happening now. While Burry has not yet commented publicly on the eBay bid, his earlier positioning tells a clear story.

He didn’t see GameStop as a company waiting to be acquired. He saw it as a company preparing to acquire, and that’s precisely what this $56 billion move represents.

Two Stories, One Underlying Theme

At first glance, GameStop’s takeover bid and Bitcoin’s rally seem unrelated. They are not.

Both reflect a shift in how markets are approaching risk.

GameStop is deploying capital, signaling confidence in long-term transformation.
Bitcoin is breaking higher, reflecting expectations of future liquidity and macro easing

In both cases, investors are moving ahead with certainty. Besides that, they are positioning for what comes next in asset prices.

GME Price Prediction: Higher?

From a technical perspective, GameStop is gradually shifting from a sideways range into a more constructive uptrend.

Looking closely, GME’s price has been forming a series of higher lows for some time.

This has eventually created an ascending channel that is pushing directly into the 0.382 level around $26.99 per share.

This level has served as a consistent ceiling in recent GameStop price action and now aligns with the channel’s upper boundary, making it a critical breakout point.

What’s important here is the steady compression. Instead of sharp rejections, GME’s price is holding near resistance while printing higher lows.

Interestingly, momentum indicators are also supporting this. For instance, the Moving Average Convergence/Divergence (MACD) is trending higher, with a bullish crossover.

Also, the Relative Strength Index (RSI) is in the mid-60s, indicating strength but not yet exhaustion. This combination suggests there’s still room for continuation if resistance breaks.

If GME’s price can push and hold above the $26 area, the next upside levels are clearly defined. The first target sits around $27.87 at the 0.5 retracement, followed by $29.5 at the 0.618 golden ratio.

GME price analysis prediction 2026 — GME Daily Chart Analysis | Credit: TradingView

Beyond that, the major resistance zone comes in around $32.43, which would mark a stronger breakout continuation and likely attract momentum buyers.

On the downside, if the price fails to break this resistance, a pullback toward $23.66 is the most likely move.

That level has acted as a base multiple times and aligns with the lower part of the current structure.

$56B Cash-and Stock eBay Bid Puts GameStop (GME) at the Center of the Markets While Bitcoin Climbs