Bitcoin: Price Drops to $81,000 After Bullish Streak
This Thursday, May 7, 2026, midday, Bitcoin is trading at $81,006, down 1.67% from the previous day. The cryptocurrency remains far from its all-time high, down 35.81%, after a bullish streak that was interrupted this morning. The 24-hour trading volume has reached 14,571 BTC on Binance.
A Consolidation After a Week of Progress
Bitcoin generally advanced from April 29 to May 5, moving from $75,780 to $80,905, marking a cumulative gain of about 6.8%. Today's pullback brings the price back to a range between $80,572 and $82,487 over 24 hours. The market context remains relatively stable among traditional assets: the VIX is at 16.99, up slightly by 0.59% from the previous day (16.89), indicating contained volatility in the American stock markets. The distance from the 52-week low, set at $60,000, remains considerable, over 2,775%, while the annual high of $126,199 remains out of immediate reach.
Technical Resistance Tested at $79,472
Technically, Bitcoin is now trading above the resistance identified at $79,472, which could act as a short-term pivot point. The 50-day moving average, at $70,920, is significantly exceeded, confirming the medium-term bullish orientation. However, the 200-day moving average, at $85,905, has not yet been breached: this level remains a closely watched technical marker. The RSI is at 65.29, in the upper neutral zone, after reaching 67.76 during the May 5 session. The indicator is moving slightly away from the overbought threshold set at 70, indicating a slowdown in momentum without entering overheating territory. The ATR, at $2,591, is up from previous sessions ($1,997 on May 5), signaling a return of intraday volatility.
