{"id":161817,"date":"2026-05-06T03:01:29","date_gmt":"2026-05-06T03:01:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=161817"},"modified":"2026-05-06T03:01:29","modified_gmt":"2026-05-06T03:01:29","slug":"bitcoin-price-keeps-80k-support-can-bulls-extend-rally-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=161817","title":{"rendered":"Bitcoin Price Keeps $80K Support, Can Bulls Extend Rally Soon?"},"content":{"rendered":"

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.<\/em><\/p>\n

Bitcoin managed to stay above $80,000 and started a fresh increase.
\nThe price is trading above $80,500 and the 100 hourly simple moving average.
\nThere is a bullish trend line forming with support at $80,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend gains if it stays above the $80,000 and $79,200 levels.<\/p>\n

Bitcoin Price Could Extend Gains<\/h2>\n

Bitcoin price found support<\/a> near $78,800 and started a fresh increase. BTC gained pace for a move above the $79,200 and $80,000 resistance levels.<\/p>\n

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.<\/p>\n

Bitcoin is now trading above $80,000 and the 100 hourly simple moving average<\/a>. There is also a bullish trend line forming with support at $80,150 on the hourly chart of the BTC\/USD pair.<\/p>\n

<\/a><\/p>\n

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.<\/p>\n

Another Drop In BTC?<\/h2>\n

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.<\/p>\n

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.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $80,150, followed by $78,350.<\/p>\n

Major Resistance Levels \u2013 $81,500 and $82,000.<\/p>","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":0,"featured_media":161818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-161817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/161817"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=161817"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/161817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/161818"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=161817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=161817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=161817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}