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▲ Bitcoin (BTC), Cryptocurrency Crash / AI Generated Image
Bitcoin (BTC) lost momentum just below its most critical resistance zone this year, leaving the market, ahead of US GDP and inflation data, at a crossroads between breaking past $81,000 and falling back to $72,000.
According to crypto media outlet U.Today on May 26 (local time), Bitcoin remains just below its key resistance zone for the year, ahead of a significant week packed with macroeconomic events. Bitcoin has recovered substantially since its April low, but its upward momentum began to slow below the 200-day moving average of $81,000.
Technically, resistance around $81,000 carries significant meaning. Bitcoin recently failed to sustain its upward trend above short-term highs and also broke below its short-term bullish support trendline. Subsequently, the price retreated to the 50-day and 100-day moving average zone, clustered between $76,000 and $77,000, where buyers are attempting to stabilize the market.
Indicators showing upward and downward strength suggest a wait-and-see attitude rather than a strong directional bias. The Relative Strength Index cooled into a neutral zone after rising for several weeks during the recovery rally, and trading volume has significantly decreased during the recent sideways movement. Analysis suggests that traders are awaiting macroeconomic catalysts such as US GDP and inflation data before committing to a clearer direction.
The current structure leans towards maintaining a cautious bullish trend as long as Bitcoin holds the mid-$75,000 range. If Bitcoin reclaims the resistance line between $80,000 and $81,000, the market could quickly pivot back to an attempted breakout.
Conversely, if macroeconomic pressures increase and the support zone between $76,000 and $77,000 breaks, the downside risk could increase again. In this scenario, there is a possibility that Bitcoin could be pushed back towards the low-liquidity area around $72,000.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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