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Bitcoin Bottom In? 2 Key Resistance Zones To Monitor – Analyst

Semilore Faleti
Semilore Faleti
Last Updated: May 10, 2026 9:30 am
2 mins read
Bitcoin

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Popular market pundit Michaël van de Poppe has stated that Bitcoin has already recorded its cycle bottom. The premier cryptocurrency is currently in a sustained uptrend that began in early April. During this time, Bitcoin’s price has surged from around $67,500 to a recent peak of around $80,000, culminating in an approximate net gain of 20%.

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50-Week MA Indicator Represents Pivotal Encounter For Bitcoin Bulls

In line with his bullish outlook, van de Poppe has highlighted two crucial price barriers that lie ahead in this postulated market recovery, supported by a historical pattern that transcends market cycles. Using data from 2017 to 2024, the seasoned analyst explains that the first rally in any bull cycle often encounters pivotal resistance at the last significant support level and/or the 50-Week Moving Average (MA).

Going by this historical data, the immediate resistance level for Bitcoin lies between $86,000 and $88,000, a price zone that had served as the major support region from November to January, prior to the heavy market sell-off that closed out January.

There are two crucial resistance zones for #Bitcoin to monitor.

– $86-88K.
– $93-95K (at the 50-Week MA).

In any first rally of the bull cycle, you'll see resistance around the previous support level and/or the 50-Week MA.

Has been the case in the 2017, 2021, and 2024 cycles.… pic.twitter.com/0uAQj4VMkw

— Michaël van de Poppe (@CryptoMichNL) May 9, 2026

However, the more significant resistance level sits higher. As the name implies, the 50-Week Moving Average (MA) is a long-term technical indicator that tracks the average closing price of an asset over the past 50 weeks to identify the broader market trend. It is often used to spot major resistance or support levels and to confirm bullish and bearish market momentum.

Van de Poppe’s Bitcoin analysis reveals that the 50-Week MA has consistently acted as a major flip zone during Bitcoin bull markets once it is below the 200-week moving average, which serves as a critical long-term support level. As seen in the previous cycle, this crossover turns the 50-week MA into a strong support level, paving the way for an extended price rally.

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According to van de Poppe, there is a strong possibility that Bitcoin consolidates around the highlighted resistance zones for a few weeks. During this time, the analyst predicts that altcoins could attract capital inflows and register a significant rally, presenting an early opportunity to recoup losses from the bear market or compound gains for new market entrants.

However, van de Poppe also warns that Bitcoin could retest the $70,000-$75,000 range before resuming its bull rally. At press time, Bitcoin trades at $80,900, up 1.02% over the past day. Meanwhile, daily trading volume is down 44.29% to $19.29 billion.

Bitcoin
BTC trading at $80,783 on the daily chart | Source: BTCUSDT chart on Tradingview.com
Featured image from Flickr, chart from Tradingview
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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