{"id":162552,"date":"2026-05-08T04:22:33","date_gmt":"2026-05-08T04:22:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=162552"},"modified":"2026-05-08T04:22:33","modified_gmt":"2026-05-08T04:22:33","slug":"bitcoin-price-gives-up-part-of-rally-sellers-reappear-near-highs","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=162552","title":{"rendered":"Bitcoin Price Gives Up Part Of Rally, Sellers Reappear Near Highs"},"content":{"rendered":"

Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support.<\/em><\/p>\n

Bitcoin failed to stay above $80,500 and extended losses.
\nThe price is trading below $81,000 and the 100 hourly simple moving average.
\nThere was a break below a bullish trend line with support at $80,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $81,200 and $80,800 levels.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to stay above the $81,500 support zone<\/a>. BTC started a downside correction below the $81,200 and $80,800 levels to enter a short-term bearish zone.<\/p>\n

There was a move below the 38.2% Fib retracement level of the upward move<\/a> from the $74,940 swing low to the $82,790 high. Besides, there was a break below a bullish trend line with support at $80,800 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $80,000 and the 100 hourly simple moving average. If the price remains stable above $78,500, it could attempt a fresh increase. Immediate resistance is near the $80,400 level.<\/p>\n

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

The first key resistance is near the $80,800 level. A close above the $80,800 resistance might send the price further higher. In the stated case, the price could rise and test the $81,250 resistance. Any more gains might send the price toward the $82,000 level. The next barrier for the bulls could be $82,500.<\/p>\n

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

If Bitcoin fails to rise above the $81,000 resistance zone, it could start another decline. Immediate support is near the $78,800 level or the 50% Fib retracement level of the upward move from the $74,940 swing low to the $82,790 high.<\/p>\n

The first major support is near the $78,000 level. The next support is now near the $77,800 zone. Any more losses might send the price toward the $77,200 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 bearish zone.<\/p>\n

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

Major Support Levels \u2013 $78,800, followed by $78,000.<\/p>\n

Major Resistance Levels \u2013 $81,200 and $81,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $81,000 and the 100 hourly simple moving average. There was a break below a bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":162553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-162552","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\/162552"}],"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=162552"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/162553"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}