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Bitcoin nears $81,359 with key support at $74,917; breakout could push BTC to $90K

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

Bitcoin is trading near $81,359 within a rising channel, with a key support level at $74,917. Analysts suggest Bitcoin may retrace to a support zone between $76,103 and $77,709 before continuing upward. A breakout above the channel could lead BTC to targets around $87,000 to $90,000. Meanwhile, Bitcoin dominance is rising above 61%, pressuring altcoins as Ethereum struggles near February lows, with a key resistance at 62.24% that could determine further market share gains for Bitcoin.

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