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Bitcoin tests $80,000 after breaking bear flag, but volume and trendline resistance raise doubts.

Technical Signals
04 May 2026
Crypto Daily
Neutral
pluang ai news

Bitcoin briefly broke out of a 3-month bear flag and tested the $80,000 resistance level, signaling a potential bullish move. However, the breakout lacks strong volume support, and the price is struggling to hold above the bear flag top, with key resistance from a long-term RSI trendline. The weekly chart shows some positive signs but the overall macro trend remains bearish, suggesting a possible pullback to the bear flag's lower boundary before any sustained rally. Investors should watch for volume confirmation and closing price above the flag to validate the breakout.

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