Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout

May 12, 2026 - 05:30
Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout
Bitcoin is trading above $80,000, according to CoinDesk market data, after recovering from Friday’s dip, but the rebound still looks more like a market testing resistance than a decisive move higher. The market structure tells a more complicated story than the price alone, according to market observers. Beneath bitcoin’s rebound, buyers are becoming more active,...

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