"Bitcoin is currently testing the $80,000 zone, where a break or rejection could lead to a significant 5% to 10% price movement in the near term."
"The daily chart indicates a transition from a macro downtrend to a recovery pattern, with price action establishing higher lows since the rebound from $60,000."
"Immediate resistance is found between $79,000 and $80,000, while pullback zones are identified at $75,000 to $76,000 and $72,000 to $73,000."
On May 3, 2026, Bitcoin is trading around $78,000, facing resistance near $80,000. Market indicators show a 62 RSI, indicating indecision. The price structure suggests a transition from a downtrend to a recovery pattern, with higher lows established since rebounding from $60,000. The $72,000 to $74,000 range remains a key demand zone. A sustained move below $70,000 could jeopardize the recovery. The four-hour chart shows an upward channel, but momentum is slowing as Bitcoin approaches resistance.
Read at news.bitcoin.com
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