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Bitcoin continues to trade within a broader recovery structure following the strong rebound from the $60K region. However, despite the recent bullish momentum, the market has been struggling to reclaim a decisive resistance zone at the $80K region, where the next major directional move is likely to emerge. Bitcoin Price Analysis: The Daily Chart On […]
Bitcoin hovered near $80,901 on May 10, 2026, just after 8 a.m. ET, while maintaining a broader bullish market structure across the daily, four-hour, and one-hour charts. With price action trapped between stubborn resistance and resilient support, traders are watching bitcoin behave like a caffeinated cat pacing near a closed door, clearly plotting its next […]
The post Key Bitcoin price levels to watch as BTC bear bottom value sets in appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is approaching two major resistance zones that could determine its next market direction, according to cryptocurrency analyst Michael van de Poppe. In an X post on May 9, the analyst identified the first key resistance area between $86,000 and $88,000, while the second and more significant zone sits between $93,000 and $95,000, aligning with Bitcoin’s 50-week moving average (MA). Poppe noted that in previous market cycles, including 2017, 2021, and 2024, Bitcoin’s initial recovery rallies often faced rejection near former support levels or the 50-week moving average before establishing a sustained uptrend. He suggested the current setup is following a similar pattern. His analysis showed Bitcoin recently breaking below the 50-week moving average, while the 200-week moving average is acting as key long-term support near the low $70,000 region. The insights also
Over the past week, Bitcoin has traded as high as $82,000, marking another bullish weekly performance in Q2 2026. Following the bear market’s trajectory since October 2025, the price return above $80,000 represents a strong technical signal of a potential market recovery. Notably, on-chain developments are also contributing to this renewed bullish narrative. Related Reading: […]
Crypto exchange Coinbase reported a consecutive quarterly loss as transaction revenue plummeted 40% amid a volatile market.
"SOL still looks like one of the strongest coins in the market," one analyst claimed.
