Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin must surpass $88,880 to confirm a new rally after recent price gains hit resistance.

Technical Signals
07 May 2026
Finbold
View Source
Neutral
pluang ai news

Bitcoin's recent price surge above $82,000, its highest since January 2026, may be a temporary rebound rather than a sustained rally. Data from CryptoQuant indicates a strong sell wall at around $88,880, created by investors who bought Bitcoin 3 to 6 months ago. To confirm a fresh bull market, Bitcoin needs to break and hold above this level, which would ease selling pressure and potentially lead to higher targets between $93,450 and $111,850. However, with bearish sentiment growing among derivative traders, Bitcoin's price might consolidate or even drop before establishing a solid bottom.

More News

Zcash nears $600 as strong bullish momentum drives price higher.

Zcash nears $600 as strong bullish momentum drives price higher.

Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...

Technical Signals
Bullish
4 hours ago
Ethereum nears $2,217 as it breaks key resistance and shows strong bullish momentum.

Ethereum nears $2,217 as it breaks key resistance and shows strong bullish momentum.

Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...

Technical Signals
Bullish
4 hours ago
Bitcoin climbs above key moving averages, eyes $68K as bullish momentum builds.

Bitcoin climbs above key moving averages, eyes $68K as bullish momentum builds.

Bitcoin (BTC) is showing signs of recovery after a prolonged downtrend, breaking above its 26-day and 50-day exponential moving averages (EMAs) near $63,400 and $64,100 respectively. This technical rebound suggests strengthening short-term momentum a...

Technical Signals
Bullish
4 hours ago
New non-profit ETHSystems boosts Ethereum's privacy push amid Ethereum Foundation scaling down.

New non-profit ETHSystems boosts Ethereum's privacy push amid Ethereum Foundation scaling down.

ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...

Protocol Fundamentals
Bullish
4 hours ago
Lockheed Martin Ventures opens London office to invest $100M in UK and Europe defense tech startups

Lockheed Martin Ventures opens London office to invest $100M in UK and Europe defense tech startups

Lockheed Martin Ventures, the $1 billion venture capital arm of Lockheed Martin, is expanding into the UK and Europe with a new London office. It plans to invest at least $100 million in defense technology startups to strengthen transatlantic defense...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App