Bitcoin price started a downside correction from the $82,000 zone. BTC is 
consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin 
failed to stay above $81,500 and extended losses. The price is trading above 
$80,500 and the 100 hourly simple moving average. There is a key contracting 
triangle forming with support at $80,800 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might extend losses if it stays below 
the $81,800 and $82,000 levels. Bitcoin Price Dips Again Bitcoin price failed 
to clear the $82,000 resistance zone. BTC started a downside correction below 
the $81,500 and $81,200 levels to enter a short-term bearish zone. There was a 
move below the 50% Fib retracement level of the upward move from the $80,421 
swing low to the $82,100 high. However, the bulls were active above $80,500. 
There is also a key contracting triangle forming with support at $80,800 on 
the hourly chart of the BTC/USD pair. Bitcoin is now trading above $80,500 and 
the 100 hourly simple moving average. If the price remains stable above 
$80,500, it could attempt a fresh increase. Immediate resistance is near the 
$81,500 level. The first key resistance is near the $81,800 level. A close 
above the $81,800 resistance might send the price further higher. In the 
stated case, the price could rise and test the $82,250 resistance. Any more 
gains might send the price toward the $82,500 level. The next barrier for the 
bulls could be $83,500. Downside Extension In BTC? If Bitcoin fails to rise 
above the $81,800 resistance zone, it could start another decline. Immediate 
support is near the $80,800 level or the 76.4% Fib retracement level of the 
upward move from the $80,421 swing low to the $82,100 high. The first major 
support is near the $80,400 level. The next support is now near the $79,400 
zone. Any more losses might send the price toward the $79,000 support in the 
near term. The main support now sits at $78,500, below which BTC might 
struggle to recover in the near term. Technical indicators: Hourly MACD – The 
MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – 
$80,800, followed by $80,400. Major Resistance Levels – $81,800 and $82,000.

Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally

Bitcoin&#8217;s surge amid geopolitical calm suggests potential for sustained 
growth, but future price stability hinges on ongoing global dynamics.
The post Bitcoin briefly surpasses $82,000 amid easing geopolitical tensions 
appeared first on Crypto Briefing.

Bitcoin briefly surpasses $82,000 amid easing geopolitical tensions

Crypto exchange Crypto.com announced that its United Arab Emirates entity has 
been granted a stored value facilities license, enabling payment of government 
fees with cryptocurrencies. Regulatory Milestone Crypto exchange Crypto.com 
has announced on May 11 that its United Arab Emirates (UAE) entity, Foris DAX 
Middle East FZE, has been granted a stored value facilities (SVF) […]

Crypto.com Lands UAE License, Opening Crypto Payments for Dubai Government Fees

Regulatory divergence on stablecoins between the US and UK could destabilize 
global markets, impacting cross-border financial stability.
The post Bank of England warns of stablecoin oversight clash with US appeared 
first on Crypto Briefing.

Bank of England warns of stablecoin oversight clash with US

Nvidia&#8217;s AI-driven growth could boost blockchain integration, potentially 
increasing demand for crypto AI tokens and related investments.
The post UBS reiterates buy rating on Nvidia with $245 price target, citing AI 
demand appeared first on Crypto Briefing.

UBS reiterates buy rating on Nvidia with $245 price target, citing AI demand

MARA Holdings says Bitcoin mining remains the company’s “operational 
foundation” while it moves to expand into AI.

Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally

Comments