NewsBTC
May 4, 2026 upd. 6 Jun

Bitcoin clears $80K and eyes $80.5K breakout for more gains

1 min

Bitcoin reclaims $80k; eyes $80.5k breakout

Bitcoin moved back above $80,000 and is consolidating over $79,200 and the 100-hour SMA. A close above $80,500 sets up tests at $81,200–$82,500.

Support held at $78,000, then price cleared $78,500 and $78,800 after a fresh rebound. A session high printed at $80,336. Price now sits above the 23.6% Fib of the $74,940–$80,336 leg.

Trend-line support stands near $79,000 on the hourly chart. BTC trades above $78,500 and the 100-hour SMA, as tracked in prior updates from NewsBTC.

Bitcoin price hourly chart

  • Upside levels: $80,250, key $80,500. If broken, $81,200, $82,000, then $82,500.
  • Supports: $79,000, $78,250. Next $77,650 (50% Fib of $74,940–$80,336), $77,000, $76,000.
  • Indicators: MACD strengthening; RSI above 50.