Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Trading banner 1
Trading banner 2
Trading banner 3
Trading banner 4
Trading banner 5
Trading banner 6
Trading banner 7
Trading banner 8
Trading banner 9

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
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.

banner-footerbanner-footer

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