Bitcoin Price Today: BTC Reclaims $80,000 After Bottoming Near $74,900 – What Comes Next?
Bitcoin Bitcoin Price Today: BTC Reclaims $80,000 After Bottoming Near $74,900 – What Comes Next? Bitcoin is trading near $80,830 as of May 5, 2026. The weekly CoinMarketCap chart shows a full recovery from the April 30 low near $74,900, with buyers pushing BTC back above $80,000 over a four-day stretch. $80,000 had been a ceiling for most of the past three months. BTC is now trading above it, and the question is whether that level holds as support. What Happened This Week Bitcoin opened near $76,790 and ran into immediate selling pressure. By April 30, BTC dropped to a weekly low around $74,900. Buyers stepped in at that level from May 1. The recovery was steady rather than explosive, which is a healthier sign than a single-candle spike. By May 2 to 3, BTC was back above $79,000. By May 4 to 5, it cleared $80,000 and pushed to the current price near $80,830. If BTC holds above $80,000 on a 4H closing basis, the recovery stays intact. Resistance sits near $81,500, then $82,000. A close above $82,000 opens the path toward $84,000. If BTC loses $80,000, the setup weakens fast. Buyers would need to defend $78,500 to $79,000 next. A daily close under $77,500 erases most