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Bitcoin remains bullish after reclaiming key monthly support above $74,000, says analyst.

Technical Signals
13 May 2026
Benzinga
View Source
Bullish
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Bitcoin dipped below $80,000 but remains structurally bullish after reclaiming the monthly 50 moving average (MA) as support, according to analyst Scient. This level, around $74,000, has historically defined Bitcoin's broader market cycles. The analyst warns against overcomplicating analysis with fractals and narratives, emphasizing the importance of market structure and liquidity behavior. Long-term investors are advised to focus on whether Bitcoin holds above the macro downtrend breakout rather than reacting to short-term volatility.

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