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Bitcoin retests key support zone; breakout above $82,750 could trigger rally

Technical Signals
15 May 2026
Coinpaper
View Source
Bullish
pluang ai news

Bitcoin is currently testing its Bull Market Support Band around $75,900 to $79,000 after reclaiming it last week, which is crucial for maintaining its bullish momentum. The price is near $81,000, supported by longer-term moving averages, indicating deeper support if the band fails. A decisive weekly close above this band would confirm a strong recovery and potential further gains. However, Bitcoin must break above $82,750 to signal a stronger upward move, targeting levels up to nearly $98,000; failure to do so could lead to a pullback towards lower support zones around $74,900 to $78,700.

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