Important Bitcoin price thresholds to monitor as the bearish bottom forms.

crypthub

5/10/2026, 12:20:27 PM

Key Resistance Zones

Michael van de Poppe notes Bitcoin is testing two resistance bands. The first spans $86‑$88k; the second, stronger band sits $93‑$95k near the 50‑week MA. Earlier cycles (2017, 2021, 2024) saw rallies stall at similar levels before a lasting uptrend. A clear break above $95k could trigger the next bullish move.

On‑Chain Support Signals

Ali Martinez observed a net withdrawal of ~7,400 BTC from exchanges, pushing balances toward 2.675 million. Lower exchange holdings typically cut short‑term sell pressure and have backed price strength before. The 200‑week MA around low $70k now serves as long‑term support. These on‑chain factors bolster a positive outlook.

Current Price Action & Outlook

Bitcoin trades around $80,800, up 0.5 % daily and about 3 % weekly. After a brief dip below $80k it has steadied and may linger below resistance for weeks. A push toward $85k is possible if ETF inflows and technical cues stay firm. The broader bear‑market bottom appears set, letting altcoins outperform.