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Bitcoin breaks $80,000 in ‘disbelief rally’ as traders eye $84,000 CME gap

May 6, 2026 Jackson Miller

Bitcoin surged past $80,000 on Monday, reaching its highest level since late January, as traders described the move as a “disbelief rally” and set their sights on the next price target at $84,000. The rally, which pushed BTC/USD to $80,610 during early Asian trading, was accompanied by over $462 million in crypto liquidations, signaling aggressive […]

Bitcoin profit taking near $77K stalls rally with short-term holders selling

Bitcoin profit taking near $77K stalls rally as short-term holders sell aggressively

May 1, 2026 Jackson Miller

Bitcoin’s repeated profit taking near $77,000 has stalled its rally. Short-term holders have sent 150,000 BTC to exchanges since April 15. This overhead sell pressure has capped BTC’s ability to reach $80,000. Bitcoin profit taking near $77K blocks price advance Data from CryptoQuant shows that short-term holders (STHs) took profits each time BTC rallied above […]