Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin likely to rally further if it stays above key $79,505 support level, says top analyst.

Market News
07 May 2026
The Daily Hodl
View Source
Bullish
pluang ai news

A crypto analyst who correctly predicted Bitcoin's 2025 peak forecasts more rallies if BTC remains above the April high of $79,505. The analyst notes that Bitcoin's current price action shows no bearish signs and suggests that shorting now is risky unless the price falls below this key level. Another strategist agrees, highlighting Bitcoin's strong fundamentals and healthy upward momentum despite approaching higher timeframe resistance. Bitcoin is trading around $81,348, indicating stability and potential for continued gains if support holds.

More News (BTC)

Citi warns Bitcoin sentiment will stay weak as key price drivers worsen and ETF flows turn negative.

Citi warns Bitcoin sentiment will stay weak as key price drivers worsen and ETF flows turn negative.

Citi has maintained a cautious outlook on Bitcoin despite a small sale by Strategy, a major corporate bitcoin holder, which was a routine tax move. The bank highlights that ETF flows, which account for about 45% of Bitcoin's weekly price changes, hav...

Market News
Bearish
4 hours ago
Bitcoin holds $64K-$65K support after $1.8B selloff, eyes recovery above $71.8K resistance.

Bitcoin holds $64K-$65K support after $1.8B selloff, eyes recovery above $71.8K resistance.

Bitcoin recently tested and defended the critical $64,000-$65,000 support zone following a sharp selloff that liquidated over $1.8 billion in positions. This support area has historically triggered strong rebounds, making it a key level for potential...

Technical Signals
Neutral
5 hours ago
Bitcoin ETFs sell $519M amid Bitcoin crash to $66K, altcoin ETFs see inflows.

Bitcoin ETFs sell $519M amid Bitcoin crash to $66K, altcoin ETFs see inflows.

Bitcoin spot ETFs experienced a $519 million sell-off on Tuesday as Bitcoin's price dropped to $66,000, marking a significant outflow totaling $5 billion over the past month. Ethereum ETFs also saw $911.75 million in outflows over five weeks, with ma...

Market News
Bearish
5 hours ago
Major cryptocurrencies mostly fall, with Bitcoin down 2.8% and Ethereum down 5.1%.

Major cryptocurrencies mostly fall, with Bitcoin down 2.8% and Ethereum down 5.1%.

The prices of major cryptocurrencies including Bitcoin and Ethereum have declined, with Bitcoin dropping 2.83% to $67,062 and Ethereum falling 5.09% to $1,874.73. Other notable coins like Binance Coin and Solana also saw decreases, signaling a broad ...

Market News
Bearish
5 hours ago
Crypto analyst says AI and privacy-focused protocols outshine Bitcoin and Ethereum in next cycle

Crypto analyst says AI and privacy-focused protocols outshine Bitcoin and Ethereum in next cycle

Jamie Coutts, chief crypto analyst at Real Vision, predicts that Bitcoin, Ethereum, and Solana may no longer be the best crypto investments as capital shifts towards AI-integrated, privacy, and on-chain application protocols. He notes that while Bitc...

Market News
Bearish
5 hours ago
banner-footerbanner-footer

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