Bitcoin · Decrypt
Bitcoin was unable to surpass its 200-day moving average price around $82,430
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
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The rejection, though still 37% above its April lows, mirrors Bitcoin ’s March 2022 relief rally that was followed by a significant downturn, which saw Bitcoin fall from as high as $47,000 to less than $16,000 later that year.
Key facts
- The rejection, though still 37% above its April lows, mirrors Bitcoin ’s March 2022 relief rally that was followed by a significant downturn, which saw Bitcoin fall from as high as $47,000 to less
- BTC has fallen around 1.6% in the last 24 hours and 2.5% in the last week of trading, recently changing hands at $79,379—about 3.5% below the 200-day moving average highlighted by CryptoQuant
- Traders' unrealized profit margins reached 17.7% on May 5, the highest reading since June 2025, signaling elevated selling pressure risk as holders sitting on large unrealized gains become
- These margin levels mirror those seen in March 2022, precisely when Bitcoin last tested the 200-day MA before resuming its decline,” it notes
Summary
Bitcoin's price recently fell short of topping its 200-day moving average, the average closing price over the period. The move mirrors its activity during 2022, which preceded a significant drop in the price. Nevertheless, BTC is still well above a key support level around $70,000 as it trades below $80,000 on Wednesday. Bitcoin was unable to surpass its 200-day moving average price around $82,430, according to a report from analytics firm CryptoQuant, cutting short its so-called bear market rally and leaving it at a critical point ahead of its next move.