Bitcoin analysts say this level must break for BTC price to confirm bottom

Written by Nancy Lubale, Staff Writer. Reviewed by Allen Scott, Staff Editor. Written by Nancy Lubale, Staff Writer. Reviewed by Allen Scott, Staff Editor. Bitcoin analysts say this level must break for BTC price to confirm bottomMarketsPublishedMay 7, 2026A slowdown in profit-taking and reclaiming $88,000 as support are prerequisites for BTC to confirm cycle bottom.Bitcoin’s (BTC) relief rally to $82,000 appears to be cooling off, and analysts say key levels must be reclaimed for BTC price to “confirm a durable continuation higher.”Key takeaways:Bitcoin must break resistance at $85,000-$88,000 to confirm that the bottom is in.Profit-taking on rallies must cool down for a sustained breakout in BTC price. Bitcoin must reclaim $88,000 as supportBitcoin’s 7% climb over the last week to $81,000 saw it reclaim key levels, including the true market mean at $78,200 and short-term holder (STH) cost basis at $79,100.If the price sustains above these two levels, the 50% drawdown from the $126,000 all-time high to sub-$60,000 levels in February “would rank among the shortest episodes of its kind in Bitcoin market history,” Glassnode said in its latest Week Onchain newsletter, adding:“Attention now shifts to the next major resistance at the Active Realized Price near $85.2K, which tracks the cost basis of all non-dormant supply and represents the next structural threshold the market must reckon with.”Bitcoin risk indicator. Source: GlassnodeThe last time Bitcoin reclaimed its active realized price, in October 2023, it was followed by a 170% rally to its previous all-time high of $74,000 reached in March 2024. These gains increased to 365% once the price hit its current record highs above $126,000.Related: Bitcoin Bollinger Bands push key breakout as creator acts on 'positive' signal Bitcoin’s realized price by age cohorts reveals other major levels of resistance sitting higher up: the realized price of the three-to-six-month investor cohort at $88,880, the 12-month-18-mo…

Bitcoin analysts say this level must break for BTC price to confirm bottom

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