Bitcoin hits $80k, selling pressure eases as short-term losses drop

As Bitcoin (BTC) attempts to hold $80,000 as support, some market analysts have warned about a crucial resistance area that could make or break the flagship crypto’s bullish rally. Related Reading: Crypto Funds Extend Six-Week Streak With $858M Inflows On CLARITY Act Progress Bitcoin Bull Rally Meets Key Resistance In a Tuesday analysis, market watcher Ali Martinez highlighted a “crucial resistance barrier that has the potential to put an end to the recent Bitcoin bull rally” that has sent the price to its highest levels in months. He explained that BTC has been attempting to clear the 200-day Simple Moving Average (SMA), near $82,500, for three consecutive days. A breakout above this level could trigger a rally toward the $94,000 area, Martinez affirmed, while a rejection could send the price to retest the 50-day SMA around $75,000. However, the failure to reclaim this level may suggest that the market “is struggling to find the follow-through volume needed for a breakout.” The analys

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Bitcoin price held firmly above the key $80,000 psychological support on Tuesday after hotter-than-expected U.S. CPI data briefly triggered volatility across risk assets, with bulls now attempting to regain momentum toward the $85,000 region. According to data from crypto.news, Bitcoin…

Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 to fund a push into financial technology, raising $73 million in the process. Related Reading: Bitcoin Bulls Awaken As Rare Golden Cross Signal Flashes On Charts The crypto wallet company cut its Bitcoin holdings from 1,704 to 628 coins by March 31 — a reduction of roughly 63% — with nearly all the proceeds directed toward acquiring W3C Corp., the parent company of fintech firms Monavate and Baanx. Revenue Takes A Sharp Hit The Bitcoin sales came as Exodus reported a steep drop in earnings. Total revenue for the quarter ended March 31 fell to $22.7 million, down from $36 million during the same period a year ago — a decline of nearly 37%. Exchange aggregation, which accounts for the bulk of company income, took the hardest hit, falling almost $14 million as user trading activity slowed significantly. Monthly active users slipped from 1.6 million to 1.5 million year over year. Quarterly funded users dropped e

Jane Street has reduced several major Bitcoin-linked holdings during the first quarter of 2026 while adding to its exposure across Ether ETFs and selected crypto equities. According to a 13F filing released Tuesday, the Wall Street trading firm sharply lowered…

Strategy's aggressive Bitcoin accumulation amid dividend sales could enhance shareholder appeal but risks volatility exposure in bear markets. The post Strategy plans to buy more Bitcoin despite potential sales for dividends appeared first on Crypto Briefing.

Some investors might have been nervous as Bitcoin fell below $80K on Tuesday. However, the dip was quite short-lived and the $BTC price bounced from the top of its bear flag and regained the major $80K horizontal support. Is that the extent of this period of negative price action, or could there be more to come?