NewsBTC
May 6, 2026 upd. 6 Jun
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Bitcoin nears $83k resistance, daily close sets path to $94k

2 min

Bitcoin jumps 21% in 30 days, tests $83k 200SMA

Bitcoin rebounded 21% over 30 days and broke above $81,000. Price is now nearing the $83,000 200-day SMA, a key barrier.

Analyst Ali Martinez points to a bullish weekly MACD crossover on April 13. Since that signal, BTC gained ~15% in a steady grind. Source

He notes similar crossovers preceded major multi‑month rallies in prior cycles. October 23, 2023 led to +147%. October 14, 2024 to +75%. May 5, 2025 to +35%. Source Historical recap

Martinez calls the 200SMA near $83,000 the key psychological and structural level. A daily close above may open targets at $89,000 and $94,000. Source

Market expert Sam Daodu says BTC just reclaimed the Bull Market Support Band around $79,000. After similar reclaim events, rallies of 50%+ often followed within months. He implies a path toward ~$121,000. Source

Reports stress the need to hold above reclaimed levels to keep momentum. A failed push could invite a correction. Context

  • Key barrier: 200SMA ~$83,000 Source
  • Targets on breakout: $89,000, $94,000 Source
  • Bull Market Support Band: ~$79,000 Source
  • Pattern‑based target: ~$121,000 Source

Bitcoin chart