Bitcoin holds above the 21-day MA near $80,955, with $79K support and $86.5K resistance shaping the next move.
Bitcoin traded near $80,955 as buyers defended the short-term trend above key moving average support.
The daily BTC/USD chart showed price holding above the 21-day moving average, while traders watched the $79,000 area as the main level for trend continuation.
Bitcoin Holds Above 21-Day Moving Average
Bitcoin remained in an upward grind as long as price stayed above the 21-day moving average. Market analysts often use this average to track short-term trend strength.
The $79,000 area was viewed as the first support zone. A hold above this level could keep the recovery intact, and it may support further upside.
If Bitcoin loses $79,000, the next key area sits near $76,000. That level could act as a second defense point for buyers.
It’s very simple for #Bitcoin.
As long as the 21-MA remains beneath price, we’re likely to continue grinding upwards.
The $79K area is a crucial area to hold in the short-term, but even if that is lost, $76K can be the second level of importance to be keeping the structure… pic.twitter.com/jYQ5ywv8n7
— Michaël van de Poppe (@CryptoMichNL) May 10, 2026
The broader chart showed a rebound from the $63,000 to $66,000 zone. That move followed a deeper correction from the prior high near $120,000 to $127,000.
Fib Levels Set Key Bitcoin Price Zones
Bitcoin reclaimed the 0.786 Fibonacci level near $75,465. This move gave bulls a stronger short-term position after the recent recovery.
A daily close below $75,465 would weaken the rebound. It could also open the way toward $70,000 to $72,000.
The next major resistance sits near $86,514. This level matches the 0.618 Fibonacci retracement and remains the first major test.
A break above $86,514 could shift focus toward $94,274. After that, traders may watch $102,035 as the next resistance area.
Bitcoin still trades below several former breakdown zones. Because of that, the market has not confirmed a full bullish reversal yet.
According to CoinMarketCap, Bitcoin trades near $80,935, up 0.7% in 24 hours. Holding above $79,000 keeps the short-term recovery intact.
Resistance sits near $86,500. A daily close above it could open a move toward $94,000, but lower volume shows buyers need confirmation.
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Momentum Improves as Altcoins Gain Strength
Momentum indicators showed a firmer short-term picture. The MACD line was above the signal line, and both lines moved higher.
The RSI stood near 64.78, while its average line was close to 61.79. This placed Bitcoin in bullish momentum territory.
However, the RSI was not deeply overbought. That means price may still have room before momentum becomes stretched.
Altcoins also started to show stronger moves across the market. Some analysts view this as a late-stage phase of the current upside run.
Traders often watch altcoin breakouts with caution during such periods. Sharp gains can be followed by fast pullbacks when market risk rises.
Market participants also flagged possible 30% to 50% corrections in June or July. That forecast remains uncertain, and price action will decide the trend.
For now, Bitcoin’s near-term bias remains constructive while price holds above $79,000 and $76,000. A clean move above $86,500 could support a run toward $94,000 and $102,000.
A rejection near $86,500 would keep Bitcoin inside a wider recovery range. A daily close below $75,000 would raise downside risk toward $70,000, then $66,000.