{"id":162211,"date":"2026-05-07T03:49:17","date_gmt":"2026-05-07T03:49:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=162211"},"modified":"2026-05-07T03:49:17","modified_gmt":"2026-05-07T03:49:17","slug":"bitcoin-price-gains-fade-after-strong-rally-push-sparks-profit-taking","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=162211","title":{"rendered":"Bitcoin Price Gains Fade After Strong Rally Push Sparks Profit-Taking"},"content":{"rendered":"

Bitcoin price started a fresh increase and cleared the $81,200 zone. BTC is consolidating and might aim for more gains above the $82,500 level.<\/em><\/p>\n

Bitcoin managed to stay above $80,200 and started a fresh increase.
\nThe price is trading above $80,800 and the 100 hourly simple moving average.
\nThere is a bullish trend line forming with support at $80,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend gains if it stays above the $80,200 and $80,000 levels.<\/p>\n

Bitcoin Price Climbs Further<\/h2>\n

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

The bulls even pushed the price above $81,500. A high was formed at $82,790, and the price started a consolidation phase. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high.<\/p>\n

Bitcoin is now trading above $80,500 and the 100 hourly simple moving average<\/a>. There is also a bullish trend line forming with support at $80,850 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

If the price remains stable above $81,500, it could attempt a fresh increase. Immediate resistance is near the $82,000 level. The first key resistance is near the $82,750 level. A close above the $82,750 resistance might send the price further higher. In the stated case, the price could rise and test the $83,500 resistance. Any more gains might send the price toward the $84,200 level. The next barrier for the bulls could be $85,000.<\/p>\n

Downside Correction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $82,000 resistance zone, it could start another decline. Immediate support is near the $80,800 level and the trend line. The first major support is near the $80,200 level.<\/p>\n

The next support is now near the $78,850 zone and the 50% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high. Any more losses might send the price toward the $77,850 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 losing 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 $80,800, followed by $80,000.<\/p>\n

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

Bitcoin price started a fresh increase and cleared the $81,200 zone. BTC is consolidating and might aim for more gains above the $82,500 level. Bitcoin managed to stay above $80,200 and started a fresh increase. The price is trading above $80,800 and the 100 hourly simple moving average. There is a bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":162212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-162211","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\/162211"}],"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=162211"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/162212"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}