THE LATEST CRYPTO NEWS

The price of Bitcoin has been relatively stable since the start of April, showing strong efforts to reclaim former highs. In its latest recovery attempt, the premier cryptocurrency finally returned above $80,000 for the first time since early February. Unsurprisingly, a relevant group of network participants, known as Bitcoin miners, appears to be taking advantage of the steady rise in BTC’s value over the past few weeks. Interestingly, a continuation of this profit-taking trend could pose an obstacle to the market leader’s recovery. Miners’ Profit-Taking Could Halt BTC’s Recovery In a May 8th post on the X platform, crypto analyst Ali Martinez shared that Bitcoin miners’ behavior has shifted in recent weeks. The latest on-chain data shows that this group of network participants has been booking profits, as the price of BTC steadily climbed to a local high. Related Reading: Analyst Predicts Bitcoin Price Will Top $320,000 After ‘Cleanest Signal’ Emerged Highlighting changes in the Miner Reserves metric, which measures the total Bitcoin held in miner-affiliated addresses, Martinez revealed that about 3,400 BTC have been sent from addresses associated with network validators since April 7. Interestingly, this period has coincided with the coin’s price rising from $72,000 to around $82,790, further supporting the profit-taking hypothesis. The analyst wrote on X: Back then, Bitcoin was trading near $72,000. Through the recent climb toward yesterday’s peak of $82,790, which represents a 15% price increase, miners have been steadily booking profits. On-chain data shows that miners have offloaded approximately 3,400 $BTC during this run, taking advantage of the recent price expansion to cover operational costs or lock in gains at multi-month highs. Typically, falling Miner Reserves indicate that miners are distributing their coin to take profit, often to cover costs. As seen with several firms pivoting toward AI data centers, the profitability of the Bitcoin mining industry has been under significant pressure over the past few years.  More pertinently, the latest profit-taking and selling pressure can pose a threat to the ongoing recovery in Bitcoin’s price. The flagship cryptocurrency, which appears to have slowed down over the past day, would need uninterrupted bullish momentum to continue its current upside rally. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $80,287, reflecting a mere 0.8% leap in the past 24 hours. Meanwhile, the market leader’s value has risen about 3% over the past seven days. Related Reading: Ethereum Sees Sharp Decline In High-Leverage Long Positions — See What Happens Next Featured image from Shutterstock, chart from TradingView

As Bitcoin (BTC) defends a pivotal support level, Tom Lee has called for the end of the crypto winter, setting massive year-end outlooks for the flagship crypto and Ethereum (ETH). Related Reading: DeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge Tom Lee Shares $200,000 Bitcoin Target Tom Lee, the chairman of Ethereum’s largest treasury firm, Bitmine Technology, shared bold end-of-year price predictions for the two largest cryptocurrencies by market capitalization. During a quick-fire round of questions at Consensus 2026, the executive affirmed that Bitcoin could soar “well past all-time highs” by year’s end, forecasting that its price may trade between $150,000 and $200,000 in late 2026. He also predicted that Ethereum could rally into year-end, potentially reaching new highs between $9,000 and $12,000. Lee said his bullish outlook is based on his belief that the crypto winter is over and that a recovery rally could unfold over the coming months. “Crypto Spring, in our view, has commenced, and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen,” he asserted earlier this week, adding that the potential passage, or even failure, of the crypto market structure bill confirms the arrival of crypto spring. The chairman’s bold predictions come as the flagship crypto defends a crucial support zone. Notably, Bitcoin had been trading between $74,000 and $79,000 since mid-April, finally breaking out of this range earlier this week. The flagship crypto soared past the $80,000 resistance on Monday for the first time since January. It then rallied during the first half of the week toward the key $82,500 resistance before rejecting on Thursday. Now, Bitcoin is trading between the $79,000-$80,000 area, which some analysts suggest could make or break BTC’s rally.  BTC At Most Crucial Support Rekt Capital highlighted that Bitcoin has successfully held the 21-week EMA, around the $78,000 level. However, he warned that “this move through this resistance area hasn’t been very sustainable thus far, which opens up the possibility for yet another retest of the 21-week EMA going forward.” As a result, BTC needs to successfully retest the 21-week EMA again to avoid being completely rejected from the resistance area, between the 21-week EMA and the 50-week EMA, and dropping into the mid-$70,000s. Meanwhile, market analyst Ali Martinez affirmed that Bitcoin is currently trading around the most important resistance level as the average cost basis of new whales, the entities that bought in the last 155 days, currently sits at $80,300. He explained that “when Bitcoin trades below this average cost basis, these whales are holding at a loss,” which means that new whales will be “incentivized to sell just to break even and avoid further losses” if BTC fails to hold the $80,300 area as support. Related Reading: Solana Eyes New Leg Up After Triangle Breakout – Is $96 The Next Stop? Martinez warned that this panic to exit would create a wave of selling pressure that pushes prices much lower. On the contrary, if the flagship crypto turns this level into support, it’d signal that selling pressure has exhausted. “Once these whales are back in the green, they stop selling and start holding for higher targets, which is exactly how new uptrends begin,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin is facing resistance after weeks of upside that carried it significantly above the lows that defined the worst of the correction. The recovery had been building momentum — and today that momentum met a specific kind of obstacle that XWIN Research Japan has analyzed in detail, with findings that change how the decline should be read. Related Reading: Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the Mechanics Bitcoin briefly fell below $80,000 today. Ethereum dropped under $2,300. More than $90 billion was erased from the combined crypto market cap from recent highs, with approximately $331 million in liquidations over the past 24 hours — nearly $100 million of that occurring within a single two-hour window. The speed and scale of the move created the kind of alarm that typically accompanies a macro shock. But the macro environment did not produce this decline. The S&P 500 and NASDAQ remained near record highs throughout the same period. Traditional equities did not sell off. Risk appetite in broader markets did not deteriorate. The forces that drove Bitcoin below $80,000 were not external. According to XWIN Research Japan, the decline was driven primarily by internal crypto market structure — specifically the combination of leverage positioning that had accumulated during the recovery and profit realization from holders who had returned to profitability after weeks of recovery. The market did not break because of what was happening outside it. It broke because of what had been building inside it. The Rally Created the Conditions for Its Own Interruption The XWIN Research Japan report identifies the specific mechanism behind the decline with precision. On May 4, Bitcoin profit-taking reached 14,600 BTC in a single day — the highest level since December 2025. The 37% recovery from April lows had returned a significant cohort of investors to profitability, and many of them chose to act on that recovery simultaneously. The Short-Term Holder SOPR reaching 1.016 and remaining above 1.0 since mid-April confirmed the pattern: recent buyers were selling at a profit, and they had been doing so persistently rather than as a one-day event. The behavioral dynamic behind the selling adds the human dimension. Between February and March 2026, many short-term traders were sitting on losses of 20% to 30%. April’s rebound did not just recover prices — it recovered those participants’ financial positions. Historically, that recovery from loss to break-even or profit is one of the most reliable triggers for renewed selling pressure. Participants who endured weeks of losses tend to exit the moment the market gives them the opportunity. The leverage dimension accelerated what profit-taking started. Long liquidations intensified the downside momentum as derivatives positions unwound alongside spot selling, amplifying a move that began with profit realization into something considerably sharper. The constructive element XWIN Research Japan preserves is the exchange inflow data. Large holder deposits remain relatively muted — suggesting the participants with the most coins and the most strategic patience have not yet begun aggressive distribution. That distinction separates a leverage-driven correction from a structural top. Bitcoin is at a genuine crossroads: the data supports either an early-stage bullish recovery with leverage now cleared, or the late phase of a bear market rally approaching its natural exhaustion. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Bitcoin Stalls Below Resistance As Recovery Meets Supply Bitcoin is trading near $80,200 on the daily chart, holding just below a resistance zone that has repeatedly capped upside since the initial breakdown earlier this year. The recovery from the February low near $60,000 remains structurally intact, with price forming a sequence of higher lows and steadily reclaiming short- and mid-term moving averages. The 50-day and 100-day moving averages have both turned upward and are now acting as dynamic support in the $72,000–$75,000 region. This confirms that the trend has shifted from bearish to neutral-to-bullish in the short term. However, the 200-day moving average continues to slope downward above price, reinforcing the $80,000–$82,000 range as a critical supply zone. Related Reading: Bitcoin Reclaims $80K, And $93K Comes Into Focus — Discover The CME Gap Setup Recent price action shows slowing momentum. Candles are compressing beneath resistance, and volume has not expanded meaningfully during the latest push. This suggests that while buyers remain present, they are not yet strong enough to force a decisive breakout. If Bitcoin clears $82,000 with conviction, it would confirm continuation and open the path toward higher levels. If rejection persists, the market is likely to rotate back toward support, with $75,000 as the first level to watch and deeper demand forming closer to $70,000. Featured image from ChatGPT, chart from TradingView.com 

Bitcoin’s climb back above $82,000 has led to bullish conviction among investors. However, an interesting technical analysis suggests that the rally may still be part of a corrective structure, not the start of a clean impulsive breakout. That difference is important, because the analysis shows that Bitcoin is now approaching a resistance band that could decide whether the rebound continues or turns into another trap for late buyers. Bitcoin Heads Into Major Resistance Zone The BTC price climbed back above $80,000 this week, with the move supported by strong inflows into Spot Bitcoin ETFs. However, crypto analyst Tara is not convinced this bullish move tells the full story. Related Reading: What The Aggressive Profit-Taking By Bitcoin Investors Means For The Price Tara’s outlook is built around Bitcoin’s reaction to the macro 0.382 retracement level. According to the analyst, the Bitcoin price broke above this level without first establishing stronger support below it. That has created a setup where the price action can still push higher, but the move may be vulnerable because the foundation below the rally is not as strong as bulls would want. Therefore, Bitcoin’s failure to establish solid support after breaking above a key macro Fibonacci level has left the asset exposed, now pressing into a major resistance zone spanning between $85,200 and $93,000. The short-term structure has clearly improved from the early February lows around $60,000, but Tara’s chart points to several overhead levels that now matter. The first major red resistance line is around $85,288, which corresponds with the 0.382 retracement on the projected structure. Above that, the 0.5 retracement level near $93,099 becomes the bigger test. Based on the analyst’s count, the current rally should be a counter Wave B move within a larger corrective ABC trend. The analyst described Wave B as one of the most deceptive phases of a market cycle because it can make traders believe the correction is already over. However, the range between $85,200 and $93,000 represents the region where the Wave B rally could start to lose strength. What Comes Next? The Crash Risk Now that the Bitcoin price is approaching resistance, the outlook is what to expect based on what could happen if it is rejected at that zone. The next phase can turn lower and punish buyers who entered too late. Related Reading: Mapping The Bitcoin Price Crash To $63,000: Why BTC Must Reclaim This Level The chart sketches this exact possibility with two projected downward paths from the upper resistance region. One begins around $85,000, and the other begins closer to the $93,000 level. Both paths suggest that a rejection from the resistance band could bring the Bitcoin price below $60,000. A sustained break above $85,200 would bring the $93,000 region into action. A clean move above $93,000 would then weaken the bearish corrective setup. At the time of writing, Bitcoin is trading at $79,742, down by 2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

On-chain data shows the Bitcoin short-term holders are back in the green as the asset’s spot price has broken past the cohort’s Realized Price with the latest rally. Bitcoin Is Back Above The Short-Term Holder Realized Price According to data from BitcoinMagazinePro, the Bitcoin spot price has surpassed the short-term holder Realized Price. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis of the average investor on the BTC network. Related Reading: XRP Nears Triangle Apex—Will A Breakout To $1.80 Follow? When the value of the cryptocurrency is above this metric, it means that the holders as a whole are in a state of net unrealized gain. On the other hand, the asset being below the indicator suggests the dominance of loss in the market. In the context of the current topic, the Realized Price of the entire userbase isn’t of interest, but rather that of a specific portion of it: the short-term holders (STHs). This cohort includes the BTC investors who purchased their coins within the past 155 days. Statistically, the longer an investor holds onto their coins, the less likely they become to sell them in the future. Since the STHs have a relatively low holding time, the group is generally considered to represent the weak-minded side of the sector. Below is a chart that shows the trend in the Bitcoin STH Realized Price over the last couple of years. As is visible in the graph, the Bitcoin spot price fell under the STH Realized Price during the price crash earlier in the year. This means that the recent buyers went into a state of net loss. The loss status maintained for this cohort during the next three months, with the indicator acting as a resistance barrier for the cryptocurrency. The line acting as resistance suggests that the STHs were selling at or near their break-even level, fearing that the surge back to their cost basis is only temporary. The metric also provided impedance to BTC during the rally at the end of April, but the trend has finally shifted in May. With the latest price surge, the coin has finally broken back above the line, sending the STHs into the green. Related Reading: Solana Sees Rising Social Hype, Yet Network Activity Is Falling In the past, Bitcoin being higher than this metric has usually corresponded to bullish phases. It only remains to be seen, however, whether BTC can maintain above the line, which is currently situated at $79,000. Clearly, the cryptocurrency hasn’t gained enough of a distance to the level yet. BTC Price Bitcoin approached the $83,000 mark on Wednesday, but the asset has since dropped to the $80,100 level. Featured image from Dall-E, chart from TradingView.com

Bitcoin is trading above $80,000 as the market prepares for what is shaping up to be a decisive directional move. The recovery from the recent correction has been meaningful — but a CryptoQuant report has identified the specific mechanism that prevented the decline from becoming considerably worse, and understanding it changes how the current price level should be read. Related Reading: Retail Capitulation Hits AAVE, But Smart Money Starts Positioning: Here The Post-Crisis Market Structure The report examines the realized prices of different whale cohorts — the average cost basis of large Bitcoin holders segmented by how recently they have been active. When the spot price falls toward a whale cohort’s realized price, it approaches the level at which those holders would begin taking losses if they sold. That proximity to breakeven creates a natural support mechanism: large holders become increasingly reluctant to sell as they approach their cost basis, which reduces selling pressure precisely where the market needs it most. During the recent correction, two specific cohorts provided that support. Whales active within the last one to seven days held a realized price of approximately $66,000. Whales active within the last seven to thirty days held a realized price of approximately $70,600. The spot price dropped toward both of those levels during the correction — and rather than breaking through them into deeper losses for those holders, the price found support and reversed. The $66,000 to $70,600 range was not a random bounce zone. It was where billions of dollars in recent whale capital reached its breakeven — and where the behavioral dynamics of large holders created the floor that held. The Floor Held. But It Only Holds Until It Doesn’t The CryptoQuant report explains why the $66,000 to $70,600 range produced the price reaction it did. When Bitcoin’s spot price approaches the realized price of a major whale cohort, the selling dynamics change fundamentally. These are not participants who bought Bitcoin speculatively and will sell at the first sign of stress — they are large, recent buyers whose cost basis sits within the zone. The same zone that discourages selling also attracts buying. A price level where informed, recent capital bought Bitcoin and where those holders are defending their positions becomes a natural re-accumulation area — one where the buyers who were correct the first time tend to add rather than exit. The positive price reaction from the support range confirms that the zone performed its structural function. Bitcoin tested the breakeven levels of its most recently active large holders and bounced. A reaction that reflects genuine demand meeting reduced selling pressure in a specific, explainable price range. The CryptoQuant assessment of what comes next is honest in both directions. As long as Bitcoin remains above the $66,000 to $70,600 zone, the evidence supports the formation of a local bottom and the beginning of the next directional move. The recovery above $80,000 is consistent with that reading. The risk the report preserves is equally specific. A decisive breakdown below the lower boundary of the support zone — below $66,000 — would invalidate the bottom thesis entirely and represent a strong bearish signal for the broader market. The floor held. Whether it continues to hold defines everything that follows. Related Reading: Bitcoin Reclaims $80K, And $93K Comes Into Focus — Discover The CME Gap Setup Bitcoin Tests Resistance After Structured Recovery From February Lows Bitcoin is trading near $80,700 on the daily chart, pressing directly into a resistance zone that has rejected price multiple times since the breakdown earlier this year. The recovery from the February low near $60,000 has been technically clean, with price forming a sequence of higher lows and reclaiming the 50-day and 100-day moving averages along the way. That shift confirms a transition from a corrective phase into a developing uptrend. However, the current test is not occurring in a vacuum. The 200-day moving average is still trending downward and sits just above price, acting as dynamic resistance near the $82,000 region. This confluence — horizontal resistance plus a declining long-term average — explains why momentum has slowed as Bitcoin approaches this level. Related Reading: Ethereum Withdrawals From Exchanges Just Hit An 8-Month Low: Find Out What Investors Are Waiting For Volume has remained moderate during the latest push higher, which suggests the move is being driven more by controlled demand than aggressive breakout participation. This creates a fragile setup: structurally bullish, but not yet confirmed. If Bitcoin breaks and holds above $82,000, it would mark a decisive shift in market structure and likely trigger continuation. Failure here would expose the $74,000–$76,000 region as the first support, with deeper demand sitting closer to $70,000. Featured image from ChatGPT, chart from TradingView.com 

Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $81,000 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $81,200 and $80,800 levels. Bitcoin Price Dips Again Bitcoin price failed to stay above the $81,500 support zone. BTC started a downside correction below the $81,200 and $80,800 levels to enter a short-term bearish zone. There was a move below the 38.2% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high. Besides, there was a break below a bullish trend line with support at $80,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $80,000 and the 100 hourly simple moving average. If the price remains stable above $78,500, it could attempt a fresh increase. Immediate resistance is near the $80,400 level. The first key resistance is near the $80,800 level. A close above the $80,800 resistance might send the price further higher. In the stated case, the price could rise and test the $81,250 resistance. Any more gains might send the price toward the $82,000 level. The next barrier for the bulls could be $82,500. Downside Extension In BTC? If Bitcoin fails to rise above the $81,000 resistance zone, it could start another decline. Immediate support is near the $78,800 level or the 50% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high. The first major support is near the $78,000 level. The next support is now near the $77,800 zone. Any more losses might send the price toward the $77,200 support in the near term. The main support now sits at $76,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $78,800, followed by $78,000. Major Resistance Levels – $81,200 and $81,500.

A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins its parabolic move. Bitcoin’s Roadmap To A $220,000 Price Target Market analyst Crypto Tice has announced that Bitcoin has completed a Cup and Handle pattern that had been forming for years. In an X  post, the expert clearly outlined the formation on a chart, displaying a rounded U-shaped curve that marks the Cup portion of the pattern. This is followed by a handle positioned just above it, defined by upper and lower trendlines that sit parallel to each other.  Related Reading: Ripple’s $12.5 Trillion Claim: How Does XRP Fit Into 13,000 Banks? The emergence of a Cup and Handle pattern is often seen as a bullish indicator, as it signals that a cryptocurrency may be getting ready to break above resistance and extend its uptrend. Notably, Crypto Tice revealed that Bitcoin has already broken above a resistance zone of its Cup and Handle pattern, reinforcing his bullish stance. The analyst identified this key resistance between $62,000 and $74,000, noting that Bitcoin has also cleanly retested this area after its recent surge above $80,000. According to Crypto Tice, this successful retest has confirmed the overall structure, setting the stage for a potential continuation to the upside.   Given the strength of these formations, Crypto Tice made clear that Cup and Handle patterns do not signal modest moves like a 20% rally. Rather, they have historically preceded gains in the hundreds of percent, suggesting that a massive price surge could be on the horizon for Bitcoin.  The analyst predicts that Bitcoin’s next launch phase points toward a minimum upper price target of $220,000. This means he expects the cryptocurrency to rally even higher if its bullish momentum persists after it hits the initially projected high. From its current price above $80,000, this would represent a potential gain of more than 171% for Bitcoin.   Analyst Maps Out Bitcoin’s Potential Rally To $500,000 In a separate analysis, Crypto Tice shared a longer-term outlook for Bitcoin, projecting a massive price surge to $500,000. He outlined a clear roadmap showing how the BTC price could reach this ambitious target.  Related Reading: Bitcoin Has Entered Its ‘Most Dangerous Quarter,’ And This Expert Is Warning Investors The analyst pointed to an ascending channel on the Bitcoin chart, defined by two parallel straight lines. The channel shows that Bitcoin previously experienced a parabolic rally after completing three distinct moves, which Crypto Tice identified as a “first touch” of a support level, “a midrange rally,” and a “rejection back to support.” Now, the analyst believes that Bitcoin has completed the same three moves within the current channel, reinforcing his bullish stance. He added that Bitcoin is also currently sitting at the second support touch, likely preparing to launch its next bull trend, with a potential price target of $500,000 in sight.    Featured image from Dall.E, chart from TradingView.com

Bitcoin is approaching a critical juncture as market data reveals a massive long liquidation imbalance, with an estimated $15 billion in leveraged positions sitting below the current price. This concentration of downside liquidity creates a high-risk environment where even a modest drop could trigger cascading liquidations. How Bitcoin’s Liquidity Structure Suggests Volatility Ahead Bitcoin is developing one of the most extreme liquidation imbalances, as long liquidations currently outweigh short liquidations. A crypto trader known as Max Trades on X highlighted that the current liquidation data showed a massive concentration of long positions sitting below the market, with an estimated $15 billion in long liquidations. Related Reading: Bitcoin At $82K, But Metrics Don’t Smile: Network Activity Down, Spot Demand Negative—What’s Next? Meanwhile, only around $3 billion in short liquidations remains above current price levels. This creates a striking 5:1 imbalance, suggesting the market is heavily skewed toward downside liquidity. Despite this setup, BTC has continued grinding higher, with upward momentum largely driven by new short positions entering the market. However, if shorts stop providing fuel for the move and market makers turn their focus toward the dense liquidity below the price, the market may become vulnerable to a sharp liquidation cascade. Why Bitcoin’s Current Rally May Be Vulnerable To A Pullback Bitcoin continues to show strength, but several internal market signals suggest the current rally may be losing momentum in the short term. Analyst Kaz has stated that BTC is currently trading within a relatively tight range around the $81,500 level, while trading volume has started to fade. Related Reading: Here’s What Triggered The Bitcoin Price Decline Before The Recent Bounce At the same time, Open Interest (OI) remains stable and flat, indicating that large new leveraged positions are not entering the market. The perpetual futures CVD (Cumulative Volume Delta) is still climbing, showing that buyers remain active, but the pace of that momentum has slowed noticeably. Spot CVD is also trending higher, suggesting genuine spot demand is still supporting the move, but recent candles indicate that the strength has started to weaken. Meanwhile, shorts continue to get liquidated periodically, helping sustain the BTC upward grind, while the squeeze is becoming smaller. Despite these warning signs, the broader internals still favor the bulls for now. When price grinds higher on fading volume, the CVDs show slow momentum, and open interest is flat. Kaz noted that the move is weakening and is due for a pullback, and making a decision based on this move is not optimal. The focus now shifts to monitoring changes in open interest and spot CVD for clearer direction. With midweek volatility (Wednesday) in play, BTC can still turn bearish. If BTC price pushes higher before the New York Open (NYO), without meaningful support from open interest and spot demand, a dump during the NYO is likely. Featured image from Pixabay, chart from Tradingview.com

Bitcoin continues to maintain a strong bullish structure, with price action steadily grinding higher across multiple timeframes. While bulls remain in control for now, the growing divergence between price and volume could signal slowing momentum and increase the risk of a pullback if buying pressure fails to return.  A Hold Above Key Support At $74,937 As long as Bitcoin maintains its position above the critical floor of $74,937, the current upward momentum remains intact. Market analyst Kamile Uray notes that the primary obstacle for bulls during this ascent is the $98,000 resistance level. Establishing a daily close above this threshold would clear the path for the asset to test the next major supply zone located between $107,000 and $109,000. Related Reading: Bitcoin Tests Crucial $80,000 Resistance: One Move Could Change Everything The $107,000–$109,000 range is expected to serve as a formidable barrier for price action. Should Bitcoin struggle to gain further traction and fail to sustain a breakthrough above $126,199, the market may face a significant rejection. Such a failure at these elevated levels would likely trigger a pullback as traders take profits and momentum stalls. In the event of a retracement, the $68,000–$71,000 region could provide the necessary liquidity to stabilize the price.  However, if the selling pressure intensifies, the $60,000–$62,433 range will become a vital support corridor. A decisive daily close below the psychological $60,000 mark would be a bearish signal, suggesting that the decline is deepening, leading to a significant, long-term market correction. Bitcoin Climbs Higher Despite Declining Volume In a recent update, JDK Analysis noted that Bitcoin continues to grind higher, but trading volume has been steadily declining during the move. Despite the drop in volume, lower timeframes still indicate a very strong structural uptrend, with no obvious signs of weakness or breakdowns at present. As a result, there is currently no clear short-term setup worth acting on, as buyers continue to maintain control of the market structure. Related Reading: Bitcoin Price Gains Fade After Strong Rally Push Sparks Profit-Taking Price has also front-ran the next major resistance zone, meaning it moved aggressively before properly testing that level. If Bitcoin revisits the area, particularly around the all-time high anchored VWAP (aVWAP), attention will shift toward the possibility of an SFP (swing failure pattern) forming at the current highs, which could provide a potential short trigger. For bullish setups, the $73,000–$74,000 region remains the next key area of interest for possible long opportunities. Rather than chasing prices higher at current levels, the preference is to wait for a deeper pullback into a cleaner support zone before considering new positions. With market conditions becoming increasingly extended, protecting capital remains the top priority, while profit opportunities come second. Featured image from Pixabay, chart from Tradingview.com

On Wednesday, Bitcoin reached its highest level since January, crossing above the $82,000 threshold. However, one analyst has warned that the latest upswing may not be driven by genuine demand.  Instead, he describes it as a so-called “speculative trap” and points to signals suggesting there may be little underlying momentum before the market potentially retraces sharply. $83,000 Condition For Bitcoin In a post on X (formerly Twitter), market analyst OxPepesso argued that BTC is moving in a way that looks similar to the “S&P 500 AI bubble,” implying that Bitcoin is largely tracking broader stock-market sentiment rather than showing distinct, organic crypto drivers. OxPepesso suggested that, with the equity market surging, Bitcoin is essentially being pulled along as risk appetite rises—rather than benefiting from meaningful, independent on-chain or spot demand. Related Reading: Ripple CEO Warns: If CLARITY Act Markup Slips, Chances Fall ‘Precipitously’ The core of the analyst’s skepticism centers on what he says is happening beneath the price action. According to OxPepesso, network activity has just hit a two-year low, and actual spot demand is “literally negative.”  In his view, that combination would mean the rally lacks the kind of real buying pressure that usually sustains higher prices. He added that the current push appears to be propped up by futures speculation, and warned that a single geopolitical development could quickly sour sentiment—potentially crashing both markets at once. Until Bitcoin reclaims its previous range low above $83,000, according to the analyst, the rally should be treated as a fakeout—not a durable trend. In that analogy, he cited a range high around $94,500 that was previously reached, rejected, and then “flushed” down into what he described as a weaker bottom near $60,000.  The analyst’s key condition is clear: a clean daily close above $83,000 would “flip the rally real,” while anything below it, in his framework, could set up the market for a sharp drop. Seller Pressure Ahead? While OxPepesso’s remarks emphasize caution, another lens on the market comes from blockchain analytics firm CryptoQuant, which highlighted data points it says align with an attempt at structural improvement.  In a new report, CryptoQuant noted that Bitcoin has broken above the True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79100.  CryptoQuant’s interpretation is that maintaining holdings above these levels could signal a short-lived deep value phase, and it also pointed to $85,200 as the next key resistance area. Related Reading: Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures Contrary to OxPepesso’s analysis, the firm also said that spot demand and Exchange-traded fund (ETF) inflows are rebuilding, which it interprets as bulls still having control—at least for the moment.  Still, the report emphasizes that Bitcoin is approaching a ceiling where additional supply may re-emerge, making the next phase more about whether buyers can keep pace as price reaches zones where sellers are likely to become more active. At the time of writing, Bitcoin had retraced toward $81,538 following its earlier push above $82,000 on Wednesday.  Featured image from OpenArt, chart from TradingView.com 

Bitcoin price started a fresh increase and cleared the $81,200 zone. BTC is consolidating and might aim for more gains above the $82,500 level. Bitcoin managed to stay above $80,200 and started a fresh increase. The price is trading above $80,800 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $80,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,200 and $80,000 levels. Bitcoin Price Climbs Further Bitcoin price found support near $79,200 and started a fresh increase. BTC gained pace for a move above the $79,800 and $80,000 resistance levels. The bulls even pushed the price above $81,500. A high was formed at $82,790, and the price started a consolidation phase. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high. Bitcoin is now trading above $80,500 and the 100 hourly simple moving average. There is also a bullish trend line forming with support at $80,850 on the hourly chart of the BTC/USD pair. If the price remains stable above $81,500, it could attempt a fresh increase. Immediate resistance is near the $82,000 level. The first key resistance is near the $82,750 level. A close above the $82,750 resistance might send the price further higher. In the stated case, the price could rise and test the $83,500 resistance. Any more gains might send the price toward the $84,200 level. The next barrier for the bulls could be $85,000. Downside Correction In BTC? If Bitcoin fails to rise above the $82,000 resistance zone, it could start another decline. Immediate support is near the $80,800 level and the trend line. The first major support is near the $80,200 level. The next support is now near the $78,850 zone and the 50% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high. Any more losses might send the price toward the $77,850 support in the near term. The main support now sits at $76,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $80,800, followed by $80,000. Major Resistance Levels – $82,000 and $82,500.

Bitcoin is pushing toward $82,000 as the market tests a resistance level that has capped every recent attempt at higher prices. The recovery from the March lows has been constructive, but the next meaningful move requires breaking through overhead that has so far absorbed every bullish effort. An XWIN Research Japan analysis has identified a structural target above the current price that gives the current test a specific forward context. Related Reading: XRP Liquidity Just Hit A Five-Year Low: Discover What Happens When A Market Gets This Thin The analysis explains a mechanism that experienced Bitcoin traders reference regularly but that many participants have never had fully explained: the CME gap. Bitcoin futures on the Chicago Mercantile Exchange trade only on weekdays, while spot Bitcoin markets run continuously around the clock. Every weekend, when CME is closed, spot prices keep moving. When futures reopen Monday morning, a gap forms between where the market was on Friday and where it is now. These gaps represent price ranges where no futures trades occurred — zones of thin liquidity that markets tend to revisit as positions are adjusted. One such gap has already been filled in the current cycle. The next unfilled gap sits at approximately $93,000 — a level that XWIN Research Japan identifies as a logical medium-term upside target for precisely this structural reason. That $93,000 level is not a guarantee. But it is not arbitrary either. Understanding the force that makes these gaps magnetic is what determines how much weight the target deserves. The Gap Is Not Magic. It Is Mechanics The XWIN Research Japan report draws the distinction that separates useful market analysis from superstition. CME gaps are not magnetic price levels in any mystical sense — they do not pull Bitcoin toward them through some invisible force. They exist because a specific range of prices saw zero futures trading, leaving behind a zone of thin liquidity that the market has structural reasons to revisit. The mechanism is positioning. Every open futures contract must eventually be closed through profit-taking, liquidation, or expiration. The aggregate of all outstanding contracts is Open Interest, and when OI is elevated, it signals that significant energy has accumulated in the system. That energy does not stay there indefinitely. It releases through position unwinds, and when large amounts of leverage unwind simultaneously, price moves sharply. The direction of that movement is not random. It gravitates toward areas where liquidity concentrates, and CME gaps are precisely those areas. The path to $93,000 is not necessarily direct. The report adds the honest complication that makes the target more credible rather than less. If leverage continues building without strong spot demand to support it, the market may first move lower to flush out late long positions — a reset that clears fragile leverage before a cleaner attempt at the upper gap becomes possible. CME gaps are signals, not certainties. What makes the $93,000 level worth tracking is the convergence of positioning pressure, liquidity structure, and market psychology that the gap represents. When those three forces align around the same price zone, it becomes a reference point that the market eventually addresses — on its own timeline, through its own mechanics. Related Reading: Ethereum Withdrawals From Exchanges Just Hit An 8-Month Low: Find Out What Investors Are Waiting For Bitcoin Tests Major Resistance As Structure Improves Bitcoin is pressing into the $82,000 region, a level that has repeatedly acted as resistance throughout the recent recovery. The chart shows a clear shift in structure since the February capitulation, with price transitioning from a sequence of lower highs and lower lows into a sustained pattern of higher lows. This indicates that buyers are gradually gaining control, but the market has not yet confirmed a full trend reversal. The reclaim of the short-term moving averages is constructive. Price is now holding above the 50-day and attempting to challenge the 100-day, both of which are flattening after a prolonged decline. However, the 200-day moving average remains overhead near the mid-$80,000s, still trending downward. This keeps the broader trend context neutral to bearish despite the short-term improvement. Related Reading: Bitmine Just Crossed $10 Billion In Staked Ethereum – 88% of Everything It Owns Is Now Locked In Volume does not show aggressive expansion on the move higher. Compared to the selloff phase, participation remains relatively subdued. Suggesting that the recovery may be driven more by reduced selling pressure than strong demand. If Bitcoin breaks and holds above $82,000, the structure opens the path toward the $85,000–$88,000 range. Failure to clear this level would likely send the price back toward the $74,000–$76,000 support zone, where the recent higher low structure becomes critical. Featured image from ChatGPT, chart from TradingView.com 

Bitcoin is trading just above the $81,000 level as the market waits to see whether the next move will push higher or pull back. Against that backdrop, Matthew Siegel, head of digital asset research at VanEck, reiterated his bullish view on the leading cryptocurrency.  In a Wednesday interview with CNBC, Siegel again pointed to a dramatic upside scenario, saying he expects Bitcoin to potentially reach $1,000,000 within the next five years. Why Bitcoin May Persist Siegel compared Bitcoin’s staying power to a familiar arc from the tech world. “It’s going to be like the video game industry.” In the same spirit, Siegel argued that investors do not simply abandon Bitcoin and move on.  “People don’t quit; they also don’t quit Bitcoin.” He added that the market is also being shaped by a larger structural shift, noting that the first central bank has begun buying Bitcoin for its reserves, which he called a “mega trend,” even if it will be “very volatile along the way.” Related Reading: Ripple CEO Warns: If CLARITY Act Markup Slips, Chances Fall ‘Precipitously’ Siegel also pointed to specific market conditions that he believes are helping support the current momentum. One factor is Bitcoin’s relationship with broader risk assets—particularly technology stocks.  He said Bitcoin’s correlation with the Nasdaq has risen to a five-year high, helping explain why recent gains have appeared alongside a wider macro move. In other words, rather than Bitcoin moving in isolation, it has been trading more like a high-beta asset tied to technology-heavy indices. Another part of his argument focuses on the derivatives market. Siegel said he sees an absence of froth in derivatives, which he interprets as a sign that the rally is being driven more by short covering than by speculative overexuberance.  Near $3 Million By 2050? VanEck’s research head has also made an even longer-term projection earlier this year, suggesting Bitcoin could climb to as much as $2.9 million per coin by 2050.  That estimate, Siegel implied, is tied to a valuation framework based on Bitcoin’s potential role across two major markets: as a medium of exchange (MoE) and as a reserve asset for central banks.  Related Reading: Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures Looking ahead to 2050, he predicted that Bitcoin would settle between 5% and 10% of global international trade, while also accounting for 5% of domestic trade transactions. Siegel further explained that, under a scenario where Bitcoin captures 20% of international trade and 10% of Gross Domestic Product (GDP), the model could produce an extremely high implied value—he said it could rise to $53.4 million per coin.  Featured image created with OpenArt, chart from TradingView.com 

Bitcoin’s recovery attempt has carried it back above $80,000 for the first time since late January 2026, giving bulls a reason to argue that the worst of the recent correction has passed. However, one crypto analyst believes the move is running directly into the level that could decide how May ends for BTC. In a technical outlook shared on X, crypto analyst Leshka warned that Bitcoin is likely to close May in the red, pointing to a bear flag structure playing out on the daily chart.  Why Bitcoin Will Close May In Red Leshka’s outlook on Bitcoin is based on its price action since the February dump. The daily candlestick timeframe chart shows BTC recovering inside an ascending channel, with price grinding higher from the $60,000 region into the $80,000 range at the time of writing. This recovery looks constructive because the movement has caused Bitcoin to print higher lows and higher highs since the February low. Related Reading: Bitcoin Crash Is Coming: Pundit Says It’s Time To Sell All Your BTC However, Leshka interprets the same structure differently. According to the analyst, the rising channel is a bear flag currently in formation. A bear flag usually appears when price bounces upward in a controlled channel after a major drop, only to later break below the structure and continue lower. As shown in the chart below, Bitcoin’s recent advance is shown pressing on the upper boundary of the ascending channel, and this is around the same area where the 200-day moving average is located. Interestingly, Bitcoin has gone seven months without a daily close above this moving average, and this makes it a major line between a recovery rally and a confirmed trend reversal. At the time of writing, the 200 MA is around $82,000. The outlook here depends on how the Bitcoin price reacts to this level. The projected bearish path proposed by the analyst shows Bitcoin making one final push into the resistance/200 MA confluence before reversing lower, losing the channel, and falling back to the $58,000 to $56,000 range by June. BTC’s May Record Faces A Major Test Bitcoin is already up 7.11% so far in May 2026. Bitcoin’s monthly return table shows that May has often been one of its stronger months, with an average gain of 18.7% and a median return of 8.32% across previous years. Bitcoin’s price action for May in the last two years was positive, with the cryptocurrency gaining 11.1% in both May 2024 and May 2025. Related Reading: Analyst Reveals Bitcoin Big Picture, Predicts 50% Crash By EOY That historical strength is what makes this prediction more interesting. The problem is that the rally is now pressing into the exact resistance zone where the 200-day moving average is situated.  Previous red May closes have also appeared during difficult market phases, including a 35.4% decline in May 2021, a 15.9% decline in May 2022, and a 7.10% decline in May 2023. Leshka’s view is that 2026 could join that group if the current move fails at the top of the ascending channel. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin recovery above $80,000 has brought some sort of confidence back into the crypto market, but a crypto expert is warning that the timing of the rebound may be more dangerous than it looks. As noted by the expert, who goes by the name Crypto Patel on X,  Bitcoin has now entered the same part of the four-year cycle that previously produced some of its deepest quarterly breakdowns. Bitcoin Is Repeating A Mid-Term Year Pattern Bitcoin has broken above the $80,000 mark and this has led to Coinmarketcap’s fear and greed index pushing into high neutral numbers. This move has been helped by stronger ETF inflows in April and May, but Bitcoin is still 35.5% below its October 2025 peak. All these factors say Bitcoin’s price action in May is starting with a positive note. However, according to observations noted by Crypto Patel on the social media platform X, mid-term years have been accompanied by Bitcoin price crashes, and this has repeated across multiple cycles. Related Reading: Ex-Ripple Exec Breaks Down The XRP To $10,000 Predictions, Is It Possible? The expert pointed to previous price actions in May in previous years as examples of this mid-term year weakness. His chart, published alongside the post, pointed to four distinct bear markets, each annotated with the peak-to-trough decline.  In 2014, Bitcoin peaked in May and subsequently fell 76.04%. In 2018, another May peak preceded a 68.35% collapse. In 2022, the same seasonal window in May led to a 70.06% price crash. The pattern is precise: three midterm years, three May peaks, and three catastrophic declines. “Three for three,” Crypto Patel wrote. “Not coincidence. Cycle mechanics.” The chart then projects a similar structure into 2026, which is a mid-term year, showing another possible 66.54% drop from the current price. Bitcoin Price Chart. Source: @CryptoPatel On X The Relief Rally Trap According to this outlook, the Bitcoin price is now at an identical inflection point, right where previous cycles began their most damaging legs down. Applying the average drawdown structure from prior mid-term cycles to the current price action, Crypto Patel projected a bottom zone anywhere between $50,000 and $30,000. Related Reading: Does The Ethereum 300% Boost In Capacity Mean Price Can Rise 3x To $6,000? The difficult part of Patel’s outlook is that Bitcoin’s current market structure is not completely bearish. At the time of writing, Bitcoin is trading at $81,530 and is now close to breaking above its 200-day EMA around $83,000. Bitcoin spent the last eight weeks consolidating in the $60,000 to $72,000 range before its recent recovery. That recovery has been interpreted by much of the market as confirmation that the bottom is established and the worst is over. However, the crypto expert’s post directly addresses this sentiment as a possible trap. “The dip is in. Wrong. That’s the trap,” he said. Several analysts have also noted that the four-year halving cycle suggests that the current bear market may extend through Q4 before forming a durable bottom.  Featured image created with Dall.E, chart from Tradingview.com

Crypto analyst Sherlock has revealed how a Bitcoin price crash to $63,000 could play out. He highlighted key levels to watch and zones where traders should look to short BTC in preparation for this potential downtrend.  Key Levels To Watch With Bitcoin Price Crash To $63,000 On The Cards In an X post, Sherlock told traders to look for a short setup around $80,000 if the Bitcoin price only takes the equal highs around this range and then gets rejected. However, he added that if BTC breaks above April’s high at $79,485 before May 5, traders shouldn’t short immediately; instead, they should wait for breakout buyers to chase the pump.  Related Reading: Bitcoin Closes 2 Green Monthly Candles: Here’s What Historical Data Says Is Coming Next The analyst further highlighted the $84,000 to $85,000 range as the ideal zone to short if the Bitcoin price reclaims the April high, as he expects a short squeeze to happen around that range. This suggests that BTC could still rally to around $85,000 before a decline, since the leading crypto has successfully broken above the April high.  Sherlock’s accompanying chart showed that a Bitcoin price crash to around $63,000 could happen within a month after BTC taps the $85,000 level. The analyst also explained why he is confident the leading crypto could still crash despite its current bullish momentum. He noted that since 2020, BTC has always recorded a red monthly candle in May whenever the price failed to break above April’s high in the first five days of May.  However, this trend broke last year when the Bitcoin price surpassed April’s high on May 1 and then recorded another 16.9% rally to a local high of $111,980 by May 22. This is notably why BTC could still rally to around $85,000 before the crash occurs.  BTC Looks Ready For More Upside Crypto analyst Michaël van de Poppe said in an X post that the Bitcoin price looks ready for more upside, with the potential to rally to as high as $93,000. He noted that BTC broke above $79,000, indicating a clearly upward trend, although intraday corrections are possible. The analyst alluded to flows into Bitcoin ETFs, with these funds recording over $1.6 billion in inflows since the start of this month.  Related Reading: This Signal Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now Van de Poppe also mentioned that there is a lot of interest in BTC at the moment, which is why he believes that the rotation from gold to Bitcoin is definitely taking place. He added that the current uptrend is unlikely to stall anytime soon, with the current construction. This is why he believes there is room for a rally between $86,000 and $88,000, and most likely between $91,000 and $93,000.  At the time of writing, the Bitcoin price is trading at around $81,200, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Bitcoin has seen a rally toward the $81,000 level, but on-chain data shows the surge has failed to attract investor attention, with network activity remaining low. Bitcoin On-Chain Activity Has Dropped To 2-Year Lows According to data from on-chain analytics firm Santiment, the Bitcoin blockchain has witnessed a drop in indicators related to on-chain activity. The metrics of relevance here are the Daily Active Addresses and Network Growth. Related Reading: Bitmine Adds 101,745 ETH, Moves Closer To 5% Ethereum Supply Goal First, the Daily Active Addresses measures the total number of wallets that are coming online on the network every day. An address is said to come “online” on the network when it participates in some kind of transaction activity, whether as a sender or receiver. As such, the Daily Active Addresses basically tells us about the user activity on the network. The other indicator of interest here, the Network Growth, deals with activity that’s specifically coming from new users; it measures the total number of addresses coming online on the blockchain for the first time. Now, here is the chart shared by Santiment that shows how these two metrics have changed for Bitcoin over the past year and a half: As displayed in the above graph, both the Bitcoin Daily Active Addresses and Network Growth have declined over the last few months. While the earlier decline made sense in the context of the bearish market shift, the latest continuation of the downtrend has interestingly arrived despite a price surge in the cryptocurrency. Currently, there are 531,000 addresses participating in network transaction activity and 203,000 new addresses popping up daily. This is the lowest that both counts have been in about two years. Generally, notable price rallies tend to attract network participation and adoption as traders find such phases to be exciting. Clearly, though, the latest one hasn’t been able to do that, at least not so far. Santiment noted: Instead, the price is climbing on relatively thin participation, meaning a smaller group of players is responsible for pushing the market higher, rather than a broad wave of new and returning users flooding in. Historically, price surges that have failed to gather enough attention have been likely to fizzle out. Since the latest rally isn’t currently being backed by mass user participation, its foundation may be shaky. Related Reading: Bitcoin Supply Squeeze? Institutions Absorbing 500% Of New BTC That said, the current low network activity could also actually act like a contrarian signal. As the analytics firm explained: Paradoxically, 2-year lows in network activity can actually signal that Bitcoin is coiled for a much bigger move upward. Activity bottoms often mark the end of apathy, not the continuation of it. BTC Price At the time of writing, Bitcoin is trading around $81,250, up 7% over the last week. Featured image from Dall-E, chart from TradingView.com

Bitcoin (BTC) has staged a notable 21% recovery over the thirty-day timeframe, pushing the largest cryptocurrency in the market above the $81,000 level for the first time since January. Now, BTC is approaching one key resistance, which—if surpassed with a daily close—could open the door to another leg higher. Bitcoin Targets $89,000 And $94,000 Technical analyst Ali Martinez pointed to this momentum in a recent post on X (formerly Twitter), arguing that Bitcoin continues to show “structural strength.”  Martinez referenced a bullish Moving Average Convergence Divergence (MACD) crossover on Bitcoin’s weekly chart that occurred on April 13. Since that weekly signal appeared, BTC has gained roughly 15% in a relatively steady grind, reinforcing the idea that the trend may be shifting rather than just bouncing randomly. Related Reading: XRP Near $1.40—What Could Spark A Move To $1.70, And How The CLARITY Act Fits In What makes the weekly Bitcoin MACD crossover particularly notable is how it has behaved historically. According to Martinez’s recap of earlier instances, the same kind of crossover preceded major multi-month rallies in prior cycles.  The October 23, 2023 crossover was followed by a 147% rally. Another example on October 14, 2024 led to a 75% rise, while the May 5, 2025 crossover resulted in a 35% rally.  Even with the broader bullish backdrop, the near-term chart still presents a key test. Martinez highlighted that Bitcoin is moving into the vicinity of the 200-day simple moving average (200SMA), currently around $83,000.  He described this area as the most important psychological and structural barrier on the daily chart. In his view, a clean daily close above this level could open the door to a macro expansion, first toward $89,000, with a secondary target near $94,000. Bull Market Support Band Reclaimed Adding to the technical picture, market expert Sam Daodu also flagged a separate indicator involving Bitcoin’s Bull Market Support Band (currently at $79,000), which is built from the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).  Daodu noted that whenever Bitcoin reclaimed this band after spending an extended period below it, the market tended to follow with strong rallies—often reaching 50% or more within a few months.  Applying that pattern, the bullish path Daodu implied could take BTC toward approximately $121,000, which would still sit just below the all-time high region around $126,000 reached in October of last year.  Related Reading: DTCC Tokenized Securities Roadmap: Pilot In July, Scale Up In October—With Big Names Like Ripple Still, even with bullish signals lining up, the situation is not considered settled. The reports emphasize that Bitcoin needs to reclaim and hold above these levels to maintain the momentum.  It remains uncertain whether Bitcoin can continue pressing into resistance successfully, or whether the latest surge above $81,000 could be followed by another correction. Featured image created with OpenArt, chart from TradingView.com 

Bitcoin price started a fresh increase and cleared the $80,800 zone. BTC is consolidating and might aim for more gains above the $81,500 level. Bitcoin managed to stay above $80,000 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $80,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,000 and $79,200 levels. Bitcoin Price Could Extend Gains Bitcoin price found support near $78,800 and started a fresh increase. BTC gained pace for a move above the $79,200 and $80,000 resistance levels. The bulls even pushed the price above $80,800. A high was formed at $81,765, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $74,940 swing low to the $81,765 high. Bitcoin is now trading above $80,000 and the 100 hourly simple moving average. There is also a bullish trend line forming with support at $80,150 on the hourly chart of the BTC/USD pair. If the price remains stable above $80,000, it could attempt a fresh increase. Immediate resistance is near the $81,500 level. The first key resistance is near the $81,750 level. A close above the $81,750 resistance might send the price further higher. In the stated case, the price could rise and test the $82,500 resistance. Any more gains might send the price toward the $83,200 level. The next barrier for the bulls could be $84,500. Another Drop In BTC? If Bitcoin fails to rise above the $81,500 resistance zone, it could start another decline. Immediate support is near the $80,500 level. The first major support is near the $80,150 level. The next support is now near the $78,350 zone and the 50% Fib retracement level of the upward move from the $74,940 swing low to the $81,765 high. Any more losses might send the price toward the $77,550 support in the near term. The main support now sits at $76,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $80,150, followed by $78,350. Major Resistance Levels – $81,500 and $82,000.

Crypto analyst Max has cited historical data to provide insights into what could be next for Bitcoin, noting that it has closed two consecutive monthly candles in the green. Based on this historical data, BTC may be heading for a red month, except if this bear cycle turns out to be different.  Bitcoin Expected To Close This Month In The Red After Two Monthly Green Candles In an X post, Max stated that there has never been a bear market where Bitcoin printed more than two consecutive monthly candles. He noted that BTC closed March and April in the green, with gains of 2% and 12%, respectively. As such, the analyst remarked that this month is likely to close red unless this cycle is different from every previous one. Related Reading: Analyst Predicts Exactly When To Sell Bitcoin For The Most Return Max also mentioned that further downside remains, given the higher probability that May is a historically weak month and a large amount of liquidity is sitting below. However, it is worth noting that Bitcoin is already up almost 6% this month, rising to a multi-month high of $81,000 today. This has provided optimism that the bull market may be back with BTC targeting new highs.  The analyst commented on the current Bitcoin price action, indicating that it is still bearish despite the recent rally. He noted that on the first two attempts to break above the $79,000 resistance, a clear rejection followed. Now, on this third attempt, price has managed to break above but quickly lost momentum and closed back below the resistance.  In line with this, Max opined that Bitcoin’s current price action looks like a typical fakeout and liquidity grab. He added that there is a high chance BTC will sweep the untouched lows next if price continues to find acceptance below $79,000. How BTC Could Reach $94,000 Crypto analyst Ali Martinez predicted that Bitcoin could reach $94,000 on this rally. He noted that on the daily chart, BTC is approaching the 200 SMA at $83,000, which is the most significant psychological and structural barrier. The analyst added that a clean daily close above this hurdle could clear the path for a macro expansion toward $89,000, with a secondary target at $94,000.  Related Reading: What The Sharp Drop In The Coinbase Bitcoin Premium Means For The BTC Price Martinez also noted that Bitcoin continues to show structural strength, with a 15% price increase following a bullish MACD crossover on the weekly chart on April 13. He added that historically, this specific weekly crossover has been a premier signal for defining multi-month trends. Notably, this crossover led to 147%, 75%, and 35% rallies in 2023, 2024, and 2025, respectively.  At the time of writing, the Bitcoin price is trading at around $81,000, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

A crypto market analyst has shared the key levels to watch as Bitcoin (BTC) confirms a key level as support for the first time in months, opening the door to a continuation of its April recovery rally. Related Reading: This Signal Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now Bitcoin EMA Reclaim Signals More Upside Potential After closing the week above a crucial level, Bitcoin jumped 2.2% to break above the $80,000 resistance for the first time since January. The flagship crypto had been trading between $74,000 and $79,000 for the past few weeks, failing to reclaim the range’s upper boundary despite multiple attempts. On Sunday, BTC closed above the $78,000 mark for the second consecutive week, confirming its 21-week Exponential Moving Average (EMA) as support. Previously, analyst Rekt Capital highlighted the 21-week and 50-week EMAs as two key levels for the cryptocurrency’s ongoing rally, explaining that these moving averages tend to act as support during bull markets and as strong resistance during bear markets. In a Monday analysis, the market observer noted that these levels “didn’t flip into a picture-perfect resistance” this time despite losing them as support after its pre-bearish crossover at the start of the year. Nonetheless, their divergence created a “general supply area” rather than the “general demand area” configuration, typically seen during bull markets. Now, “BTC has Weekly Closed above the EMA, performed a very volatile retest of it, and Weekly Closed above it again.” As a result, Bitcoin is positioned for upside, the analyst affirmed, adding that it has the price strength confirmation after last week’s close, but it will need continued stability in the absence of a follow-through move higher. If trend continuation comes, the analyst suggested that a surge deeper into the supply zone is likely, with the 50-week EMA, currently around the $86,000-$87,000 area, as the ultimate stop on any upside wick. “Generally, though, anything within this supply area is where the price should be rejecting and failing to rally higher,” he warned. BTC At Trend Continuation Or Rally Ceiling? As Bitcoin attempts to reclaim the $80,000 level, Rekt Capital affirmed that the $82,500 region “doesn’t have a defined role.” Notably, this crucial horizontal area has served as strong support and marks the base of a macro triangle formation that was lost during the February price crash. “The first time price reached it, we produced a decent rebound into new All Time Highs. The next time the price tagged the same level, we produced a much lesser rally, a sign that the support there was already weakening. Now, $82,500 doesn’t have a defined role. But we may be defining it as we speak,” the analyst stated. Related Reading: Bitcoin Price Expansion To $97,000 Is Only Being Blocked By One Pesky Retest He explained that a rejection without breaking beyond this resistance would make this the price ceiling, forcing a retest of BTC’s old All-Time Highs (ATH) area between $69,000 and $74,000, as we are just halfway through the bear market. In addition, Bitcoin has not been able to reclaim a macro triangle during this part of the cycle, once the price breaks down. Rekt Capital pointed out that to invalidate the Four-Year Cycle thesis and call the end of the bear market, BTC would need to break back above the macro triangle base on the monthly timeframe and above its macro downtrend, located above the $96,000 area. Featured Image from Unsplash.com, Chart from TradingView.com

Bearish cryptocurrency bets have seen a liquidation squeeze during the past day as Bitcoin and other assets have gone through a price surge. Bitcoin Crosses $80,000 For First Time In Months Bitcoin has enjoyed a surge over the past day that took its price to a peak of $80,500, the highest that the cryptocurrency has traded since the end of January, when BTC was retracing that month’s recovery rally. Related Reading: Bitcoin DATs Capitulate—Could This Rare Signal Mark A Bottom? The chart below shows how the latest price action has looked for the asset. From the graph, it’s visible that Bitcoin has pulled back a bit since the high, as its price is now floating around $79,900. Nonetheless, the coin remains above recent levels. As is usually the case, the rest of the digital assets have also followed in the footsteps of the original cryptocurrency with recovery spikes of their own. All this market volatility has naturally meant that chaos has developed on the derivatives side of the sector. Crypto Derivatives Liquidations Exceed $370 Million According to data from CoinGlass, the latest volatility in the cryptocurrency sector has resulted in liquidations of a significant size. “Liquidation” here refers to the forceful closure that any open contract undergoes after it has amassed losses of a specific percentage. The chances of a contract being liquidated depend on price volatility and how much leverage the investor has opted for. In the digital asset market, coins regularly show volatile swings and leverage usage tends to be high, so events where a large amount of contracts are caught out aren’t rare. One such event has occurred during the past day, and below is a table that showcases the numbers relevant to this derivatives flush. In total, over $371 million in cryptocurrency contracts have been liquidated over the last 24 hours. Out of these, $302 million of the contracts were short positions. This means that more than 81% of the liquidations involved the investors betting on a bearish outcome for the market. In terms of the individual assets, Bitcoin-related positions contributed the most toward the event, with over $179 million in contracts involved. Ethereum once again was second on the list with $95 million in liquidations. Together, the top two coins by market cap made up for roughly 74% of the total derivatives flush from the past day. Related Reading: Bitcoin Rejected At Key Cost Basis Zone—Is $68,000 The Next Support? A mass liquidation event like the one from the past day is popularly known as a squeeze. During a squeeze, a sharp swing in the price triggers a large amount of simultaneous liquidations, which feed back into the price move, unleashing a further cascade of liquidations. As shorts made up for the majority of the latest squeeze, the event would be called a short squeeze. Featured image from Dall-E, chart from TradingView.com

Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is consolidating and might aim for more gains above the $81,200 level. Bitcoin managed to stay above $78,500 and started a fresh increase. The price is trading above $78,800 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $79,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $79,200 and $78,800 levels. Bitcoin Price Eyes Fresh Highs above $81K Bitcoin price found support near $78,500 and started a fresh increase. BTC gained pace for a move above the $78,800 and $79,200 resistance levels. The bulls even pushed the price above $80,500. A high was formed at $80,770, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $74,940 swing low to the $80,770 high. Bitcoin is now trading above $79,200 and the 100 hourly simple moving average. There is also a bullish trend line forming with support at $79,200 on the hourly chart of the BTC/USD pair. If the price remains stable above $79,200, it could attempt a fresh increase. Immediate resistance is near the $80,500 level. The first key resistance is near the $80,800 level. A close above the $81,200 resistance might send the price further higher. In the stated case, the price could rise and test the $81,650 resistance. Any more gains might send the price toward the $82,000 level. The next barrier for the bulls could be $82,500. Another Drop In BTC? If Bitcoin fails to rise above the $81,200 resistance zone, it could start another decline. Immediate support is near the $79,200 level. The first major support is near the $78,500 level. The next support is now near the $77,850 zone and the 50% Fib retracement level of the upward move from the $74,940 swing low to the $80,770 high. Any more losses might send the price toward the $77,150 support in the near term. The main support now sits at $76,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $79,200, followed by $78,500. Major Resistance Levels – $80,500 and $81,200.

Bitcoin is undergoing a notable transformation as shifting market conditions redefine how the asset behaves and is valued. Once dominated by retail speculation and predictable halving-driven cycles, BTC is now entering a more mature phase shaped by broader financial forces.  How The Bitcoin Structure Is Shifting Beyond Halving Narratives Bitcoin is approaching a critical inflection point where its market structure could shift decisively. A KOL manager and advisor known as BitBull on X has stated that the short-term holder Market Value to Realized Value (MVRV) ratio is currently hovering around 1.0, a historically important level that reflects whether recent buyers are in profit or under pressure. Related Reading: Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next? According to BitBull, when the MVRV remains below 1.0, it typically signals that most short-term holders are under pressure and rallies struggle. In every previous cycle, the real move began only after the MVRV reclaimed and held above 1.0, which is when selling pressure starts to fade, and momentum begins to build on the upside. At the same time, BTC price is attempting to reclaim the short-term holder realized price, another key on-chain level that often acts as a dividing line between weak and strong market structure. However, if MVRV reclaims and holds above 1.0 and the price breaks the short-term holder realized price, it usually marks a shift from a weakening structure to a stronger trend-driven market.  Currently, BTC is very close to that point. Daily Close Above Resistance Could Shift Market Momentum The Bitcoin price is sitting at a critical inflation point that could define its next major move. Top KOL on Tradingview and CMC, known as Cryptorphic on X, highlighted that the price is currently testing a well-established resistance zone around $80,000, an area that has previously acted as a strong barrier. Related Reading: Bitcoin To $125,000: Arthur Hayes Says The Setup Is Turning Bullish This makes the current setup particularly important, and a clean daily close above the region would signal a weakening of bearish momentum pressure and potentially open the path for continued upside expansion. However, the structure isn’t fully convincing, and the BTC price is slowly grinding into resistance without strong follow-through. At the same time, volume is declining even as the price pushes higher and prints higher highs. This type of divergence between price action and participation often signals weakening momentum behind the move, increasing the likelihood of either a rejection or a short-term pullback. That’s why this level represents a key decision point.  Furthermore, if buyers step in with strong volume and push the price firmly above resistance, it could confirm a breakout and shift momentum in favor of the bulls. On the other hand, if it fails to break through convincingly, it may result in another rejection from the resistance. In this structure, the daily close is the key signal because BTC’s behavior here will determine the next move. Featured image from Getty Images, chart from Tradingview.com

Bitcoin is trading close to $80,000 in the first week of May; Jerome Powell is weeks away from stepping down as Federal Reserve chair; the S&P 500 is at an all-time high; and sentiment across crypto markets is slowly turning positive.  Crypto trader and market analyst Aralez has stepped forward with a full arc of the industry’s next major cycle that stretches from the second quarter of 2026 into the end of 2027. The prediction starts with a bearish short-term outlook for both Bitcoin and Ethereum, but it does not end there. Bitcoin And Ethereum Could Face Another Deep Drop Before Q3 The first stage of Aralez’s prediction focuses on May and June 2026, where he expects the market to see one more wave of panic. This is the most bearish part of the forecast, and it places the Bitcoin price reaching below $58,000, which would represent a drop of about 27% from its current price near $79,715. The chart attached to the analysis shows Bitcoin holding close to $80,000 before rolling over into a projected Q2 decline. Related Reading: This Week In Bitcoin: Top Developments That Could Signal A New Era Ethereum, in his view, could fall to around $1,600. This would also translate to a decline of about 32% from its current price of $2,359. Aralez also tied this stage to weakness in the S&P 500, with a prediction that it could reverse and fall below 6,800. That would be a clear break from the current mood in equities, where the index is currently trading at new highs around 7,230. The second part of the forecast is on Q3 2026, when Bitcoin will start to form a bottom while whales begin accumulating. The trigger in his forecast is a change in Federal Reserve leadership, followed by a strong market drop and the first US rate cut. Aralez’s prediction is that the leadership transition will lead to a market sell-off, with the S&P 500 falling to as low as $5,200 in the worst of it. Q4 2026 To 2027 Could Bring Bitcoin Back Above Its Record High The most bullish section of the prediction begins in Q4 2026. Aralez expects Bitcoin to start a new uptrend and reach above $90,000 before the end of the year. That would represent a major recovery from the projected sub-$58,000 Q2 target, but the analyst sees it as only the first stage of a bigger move. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Have Been Rising And Falling Sharply The outlook is that Bitcoin will break its all-time high and reach above $140,000 sometime between Q1 and Q4 2027. The surge will be supported by mass integration of AI into the crypto industry, the launch of quantitative easing amid a global crisis, and new narratives bringing millions of participants into crypto. Those who buy Bitcoin during the Q3 2026 bottom, at or below $58,000, would achieve close to a 3x return within twelve months if the $140,000 target is hit. Featured image from Pixabay, chart from Tradingview.com

The latest Bitcoin move has brought bulls back into control of the short-term chart, but the setup is not as straightforward as a clean breakout into higher prices. The 4-hour structure shows momentum building, trendline support holding, and buyers pushing through to higher highs.  However, the path to a much larger expansion still appears to have one unfinished step. The technical chart implies Bitcoin may need to revisit an important area before the next major move to at least $97,000 can develop properly. Bitcoin Breakout Leaves One Important Level Behind Technical analysis of Bitcoin’s price action on the 4-hour candlestick chart posted on the TradingView platform shows the leading cryptocurrency is already doing the difficult part of the setup.  Related Reading: If You Hold XRP, Then You Should Be Paying Attention To These Major Developments Bitcoin’s price action has moved above the long descending resistance line that had stopped previous rallies, turning the broader 4-hour structure more bullish. The breakout also came while Bitcoin continued to respect the rising support trendline that has guided the recovery since late February to April. However, breakouts without retests are incomplete. The 4-hour chart also shows that the Bitcoin price has moved ahead of the strongest demand zone, leaving behind the $71,900 to $72,000 region as the area bears may still want to retest.  Bitcoin Price Chart. Source: TradingView The Expansion Phase And What It Requires The most important part of the setup is the support region around $71,900 to $72,000. However, a retest of this range would not be a sign of weakness. It would be the price action doing precisely what it is supposed to do: return to a level of proven demand and absorb remaining sell orders, create a strong buying opportunity, and establish a foundation solid enough to support an expansion to new yearly highs. Speaking of a run to new yearly highs, the price target proposed by this analysis is a rally to at least $97,400. This means the bullish setup has some room to breathe, but not unlimited room.  Related Reading: Here’s How The Ethereum Vs. Solana Rivalry Is Going There is an invalidation level sitting at $67,500. A breakdown below $67,500 would weaken the argument that Bitcoin is only retesting before expansion. Instead, it would mean that the breakout has failed and that sellers have regained control of the short-term structure. The broader market backdrop is helping the bullish case. Bitcoin’s rebound has coincided with heavy demand through US Spot Bitcoin ETFs, which witnessed $630 million in inflows on May 1. Bitcoin briefly broke above $80,000 over the weekend, but the move failed to hold as the price reversed before the daily close. A daily close above $80,000 could serve as the first signal of a broader bullish expansion.  BTC 200 Day Moving Average The next major confirmation would be a daily close above the 200-day moving average, which is currently at $83,600. Bitcoin has not closed above this moving average since October 2025, making it an important level for bulls to reclaim. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin is once again pressing against the pivotal $80,000 resistance, a level that has repeatedly capped upside attempts in recent price action. The market now finds itself at a decisive moment, where a confirmed breakout could ignite fresh bullish momentum, while failure to push higher may trigger another wave of selling pressure.  BTC Tests Critical $80,000 Resistance Zone Bitcoin is currently positioned at a critical technical juncture that demands close attention. According to Cryptorphic, the price is actively testing formidable resistance situated around the $80,000 region. This psychological and technical barrier has recently served as a significant ceiling. Related Reading: Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown The primary catalyst for a trend continuation lies in the daily candlestick close. A clean daily close above this $80,000 area would invalidate the prevailing bearish momentum and pave the way for a move into higher price discovery. However, the current price action is characterized by a slow grind into resistance rather than an impulsive breakout, suggesting a lack of immediate follow-through from buyers. A concerning development in this setup is the divergence between price and trading volume. While Bitcoin continues to notch higher highs, trading volume is notably declining. This suggests that the strength behind the upward move is waning, a technical signal that often precedes a sharp rejection or a healthy pullback. The outlook now hinges on whether Bitcoin can generate a high-volume surge to clear the $80,000 hurdle or if the lack of conviction will result in another rejection from this key resistance. Currently, the daily close is the primary indicator to determine the next market move. Bitcoin Reaches Key Inverse Flag Target At $80,500 The latest technical analysis from Bitcoin Meraklısı confirms that the primary upside objective has been achieved. Bitcoin has successfully reached the initial target previously identified: the critical inverse flag resistance level situated at the $80,500 mark. Reaching this milestone marks a pivotal moment in the current price action, as the market tests the upper boundaries of this formation. Related Reading: Bitcoin At A Transitional Phase? Bull Score Index Signals Uncertain Momentum Should the price successfully break above this flag resistance and maintain its upward trajectory, a series of sequential horizontal targets becomes relevant. Analysts are keeping a close watch on the $84,500 level as the next immediate hurdle. Beyond that, it is $93,000, with the ultimate target resting near the $98,000 barrier. Despite the optimistic momentum, breaking through the inverse flag resistance is rarely seamless. Thus, the possibility of a price reaction, or a temporary rejection, at this junction must be factored into any trading strategy. Looking ahead, the prevailing expectation is for the upward trend to persist. However, in the volatile landscape of digital assets, it is essential to remain objective and weigh all potential outcomes. Featured image from Pixabay, chart from Tradingview.com

Crypto analyst Tice has pointed to a signal that has predicted every Bitcoin bottom in each bear cycle. Based on this, the analyst suggested that the flagship crypto may again be forming a bottom just as the price looks to break above the psychological $80,000 level.  The Signal That Has Predicted Every Bitcoin Bottom Is Again Aligning In an X post, Tice said that the signal that has called every Bitcoin bottom in history has triggered again. He noted that in the 2014, 2018, and 2022 bear cycles, BTC was in a bear cycle for around 14 months before forming a bottom, with a price explosion following. Now, this same pattern may be playing out again with BTC looking to form a bottom.  Related Reading: Analyst Predicts Exactly When To Sell Bitcoin For The Most Return Tice stated that risk has been repriced, leverage has been cleared, and sentiment has been washed out. He added that time alignment is a condition, not a confirmation. Right now, time, structure, and positioning are said to be all aligning. He suggested that now was a good time to invest in Bitcoin with the “window” open and that asymmetric opportunities like this don’t wait.   In another X post, the analyst reiterated that a Bitcoin bottom was forming. He alluded to the median Market Value to Realized Value (MVRV), which he noted has hit the same signal as every major bottom in BTC history. Tice added that a multi-year bull market has always followed whenever this signal appears, as it has now.  Therefore, he remarked that if history rhymes even loosely, then two to three years of bull market for BTC may be on the horizon. He added that the bear market that felt different on the way down is about to feel very familiar on the way up.  BTC Approaching A Make-or-Break Level Crypto analyst Colin stated that Bitcoin is nearing an interesting spot on the chart, which is the intersection of two trend lines and one horizontal resistance level. Based on this, he gave a 50% chance of BTC forming a local top around this intersection. However, if it breaks above the channel, the analyst predicts it could move much higher and reach a local top around the $84,000 to $86,000 zone.  Related Reading: Bitcoin Crash Is Coming: Pundit Says It’s Time To Sell All Your BTC Colin noted that the zone is where the most immediate and significant horizontal resistance can be found from the previous consolidation range. Meanwhile, the analyst doesn’t believe Bitcoin is back in a bull run, despite the leading crypto forming new highs since its February 6 low of around $60,000. BTC has also notably rallied amid the U.S.-Iran war.  At the time of writing, the Bitcoin price is trading at around $79.900, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Bitcoin price started a fresh increase and cleared the $80,000 zone. BTC is consolidating and might aim for more gains above the $80,500 level. Bitcoin managed to stay above $78,000 and started a fresh increase. The price is trading above $78,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $79,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $79,000 and $78,500 levels. Bitcoin Price Regains Traction Bitcoin price found support near $78,000 and started a fresh increase. BTC gained pace for a move above the $78,500 and $78,800 resistance levels. The bulls even pushed the price above $80,000. A high was formed at $80,336, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $74,940 swing low to the $80,336 high. The bulls are now active above $78,500. Bitcoin is now trading above $79,200 and the 100 hourly simple moving average. There is also a bullish trend line forming with support at $79,000 on the hourly chart of the BTC/USD pair. If the price remains stable above $79,200, it could attempt a fresh increase. Immediate resistance is near the $80,250 level. The first key resistance is near the $80,500 level. A close above the $80,500 resistance might send the price further higher. In the stated case, the price could rise and test the $81,200 resistance. Any more gains might send the price toward the $82,000 level. The next barrier for the bulls could be $82,500. Another Decline In BTC? If Bitcoin fails to rise above the $80,500 resistance zone, it could start another decline. Immediate support is near the $79,000 level. The first major support is near the $78,250 level. The next support is now near the $77,650 zone and the 50% Fib retracement level of the upward move from the $74,940 swing low to the $80,336 high. Any more losses might send the price toward the $77,000 support in the near term. The main support now sits at $76,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $79,000, followed by $78,250. Major Resistance Levels – $80,500 and $82,000.