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Bitcoin faces key resistance near $82,400, risking a sharp reversal if sellers dominate.

Market News
14 May 2026
Cointribune
View Source
Bearish
pluang ai news

Bitcoin is testing a critical resistance level around its 200-day moving average near $82,400, a zone that previously acted as a strong ceiling during the 2022 bear market. CryptoQuant warns that this could trigger a reversal due to high unrealized profits and significant recent profit-taking by traders, which may lead to increased selling pressure. The key support to watch is around $70,000, where the market may either consolidate or break down further. Institutional demand remains a crucial factor, as sustained buying could help Bitcoin overcome resistance, while a lack of strong buyers might cause the recent rebound to fail and prices to drop back toward $70,000.

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