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Bitcoin faces key resistance at $82,400; could surge to $95,000 or drop to $70,000 soon.

Market News
15 May 2026
Benzinga
View Source
Neutral
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Bitcoin is currently testing the critical 200-day moving average at $82,400, a resistance level that has historically capped rallies during bear markets in 2014, 2018, and 2022 before major declines. Analyst Benjamin Cowen highlights that while Bitcoin has rallied strongly from $60,000 to $82,000, this may still be a bear market rally. If Bitcoin breaks above the 200-day moving average, it could reach the next resistance near $85,000 or even $95,000, but failure to do so may lead to a drop back to $70,000. June is a historically significant month for Bitcoin reversals, and the coming weeks will be crucial in determining whether Bitcoin continues upward or crashes.

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