Bitcoin Intraday: the upside prevails as long as 79120 is support
May 8, 2026 7:14 PM
the upside prevails as long as 79120 is support.

Our pivot point is at 79120.
Our preference:
the upside prevails as long as 79120 is support.
Alternative scenario:
the downside breakout of 79120 would call for 78060 and 77440.
Comment:
the RSI is above its neutrality area at 50. 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 80002 and 79866).
Supports and resistances:
82590 *
81960 **
81340
80028 last
79120 **
78060 *
77440 **
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