Bitcoin Bulls Eye $85K After Defending $80K Support Post-CPI Report

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<a href="https://minority-mindset.com/btc-usd/">Bitcoin</a> bulls defend $80K support after hot U.S. CPI report, will <a href="https://jpyxx.com/btc-usd/">BTC</a> reclaim $85K?

Despite a quick drop caused by surprisingly high U.S. inflation numbers on Tuesday, Bitcoin’s price remained above $80,000. Investors are now trying to push the price back up, aiming for $85,000.

Summary

  • Bitcoin price held above the $80,000 support zone after hotter-than-expected U.S. CPI data triggered brief market volatility.
  • CryptoQuant’s market cycle signal flipped Bitcoin into early bull territory for the first time since March 2023.
  • CoinGlass liquidation data shows major liquidity clusters near $84,000–$85,500 as traders watch the CLARITY Act catalyst.

As of May 13th, Bitcoin was trading around $81,300, according to crypto.news. The price recovered from a low of around $80,400 after the latest inflation report was released. Bitcoin is currently stabilizing below the $82,300 level, a price it has struggled to break through in the past week.

Even though the market initially reacted to the higher-than-expected inflation data, many traders now think this news was already anticipated. This has lessened the negative impact on crypto prices. Investor confidence also improved as attention turned to potential new crypto regulations in the U.S., especially the CLARITY Act. Many believe this act could be a key step towards wider acceptance of crypto by institutions and provide much-needed clarity on the rules.

Despite recent price swings, the overall feeling on the blockchain regarding cryptocurrency has been getting more positive. Analysts at CryptoQuant have indicated that their market cycle indicator now suggests Bitcoin is entering a new bull market – a period of rising prices – for the first time since March 2023. This points to the possibility of continued long-term growth, even with some short-term price stabilization.

Data on trader positions shows they are strongly protecting the $80,000 price level. According to CoinGlass, there’s a high risk of liquidations – especially for leveraged traders – between $84,000 and $85,500. Another significant area where liquidations are likely to occur is right around $80,000.

These areas of high buying or selling pressure frequently attract short-term price movements, as traders look to capitalize on concentrated leverage.

Overall market confidence seems to be recovering after the recent inflation numbers didn’t cause a major drop in stock and cryptocurrency prices. Investors now seem more interested in what the Federal Reserve will do next with interest rates, rather than overreacting to each new inflation report.

Bitcoin price analysis

Looking at the daily price chart, Bitcoin is still moving within a general upward trend that began in late March. Each time the price dips towards the lower edge of this trend, buyers consistently reappear, preventing further declines.

Bitcoin recently saw a price increase after hitting around $80,180, a key support level. This bounce indicates that buyers are still working to maintain an overall upward trend, even though the price hasn’t been strongly increasing lately.

Bitcoin is still trading above its key moving averages for the past 20, 50, and 100 days. Additionally, the Supertrend indicator suggests a continued positive trend, currently around $75,500, meaning the overall outlook for Bitcoin remains favorable.

The price is still struggling to break past a key resistance level around $82,300, marked by the 200-day Simple Moving Average. It has consistently prevented the price from going higher in recent days.

While buying pressure has eased a bit, it hasn’t disappeared. The MACD is still positive, but its histogram is leveling off, suggesting the market might pause before continuing higher as it approaches a key resistance level.

If Bitcoin’s price rises and breaks above $82,300, it could then aim for around $84,380, a key technical level. After that, it might test a larger resistance area between $85,000 and $85,500 where many traders have set sell orders.

If the price falls below $80,000, it could signal a weakening trend and potentially push Bitcoin down to around $76,000. This area represents a strong support level, combining the 100-day Simple Moving Average and a key price channel.

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2026-05-13 13:22