Bitcoin Intraday: above its upper Bollinger band
May 5, 2026 1:49 PM
the upside prevails as long as 80370 is support.

Our pivot point stands at 80370.
Our preference:
the upside prevails as long as 80370 is support.
Alternative scenario:
the downside breakout of 80370 would call for 79300 and 78670.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80963 and 80430). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 81460).
Supports and resistances:
84110 *
83470 **
82830
81500 last
80370 **
79300 *
78670 **
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