Bitcoin finished the week above $80,000 for the first time since late January. This recent price increase, breaking through a key resistance level between $78,000 and $80,000, strengthens the case for continued gains, though future price movements are still uncertain.
What happens next with Bitcoin hinges on whether buyers can maintain the price it’s currently at, specifically defending two key levels.
The $78,000 Floor That Must Hold
Bitcoin closed the week at $82,210 on Sunday, May 10th, according to TradingView data. This confirms that its recent rise above $80,000 wasn’t just a temporary fluctuation, but a sustained move.
The price range between $78,000 and $80,000 wasn’t just a temporary trading level for Bitcoin. Looking at the daily price chart, it appears to have been a significant area where sellers consistently controlled the market, indicating a strong supply zone.
If Bitcoin wants to confirm its recent price increase, it needs to stay above $78,000. Successfully holding this level would indicate that a previous area of selling pressure has turned into a support level, giving Bitcoin a more solid foundation to potentially climb higher.
Bitcoin is now approaching a key resistance area around $82,000. After regaining support between $78,000 and $80,000, the price is at a point where it could either continue its upward trend or briefly pull back. According to CryptoPatel’s analysis, this zone will be crucial in determining the next move.
If Bitcoin clearly rises above $82,000, it could signal further gains, potentially reaching $90,000 where a significant number of sell orders are currently placed.
Bigger Levels That Decide The Trend
As an analyst, I’m watching the $90,000 level closely – it represents a significant resistance point on the chart, which I’ve labeled as Bearish OB 2. If Bitcoin can decisively break above the $82,000 area, that’s likely where we’ll see sellers attempt to step in again. We’ve already seen a breakout above the $78,000-$80,000 range (Bearish OB 1), which increases the probability of a move towards $90,000.
If Bitcoin reaches $90,000, it would suggest the market is still recovering, but it wouldn’t confirm a full reversal of the recent downward trend unless the price goes significantly higher. A break above $97,000 is needed to signal a truly bullish trend, according to analyst CryptoPatel, who identifies $97,900 as the level where Bitcoin would definitively show a change in character, requiring a strong closing price above that mark.
The chart shows that if Bitcoin rises to $90,000 and then falls back down, it would continue the pattern of lower highs it’s been making since its peak in October 2025. However, a strong close above $97,900 would be a more significant move, as it would signal a break from this established pattern.
As of today, Bitcoin is worth $80,870. But, according to crypto analyst Crypto Patel, there’s a good chance it could drop back down to around $60,000 before it starts to climb significantly again.
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2026-05-12 00:01