Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure

May 8, 2026 - 16:30
Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure
Bitcoin is trading around $80k, holding slightly above the psychological threshold that has defined the ceiling of every recovery attempt over the past three months. The ascending channel is intact, the 100-day MA reclaim is holding, and BTC is now pressing into the zone between the current price and the 200-day MA. This area is...

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0