Coinidol.com: Bitcoin Falls Again below Its Peak of $82,500

Bitcoin's (BTC) price has remained above the moving average lines but below the $82,500 high.

BTC Price Long-Term Prediction: Ranging

Today, May 11, 2026, Bitcoin is falling after reaching the $82,500 barrier twice. The cryptocurrency reached highs of $82,800 and $82,500 before pulling back, as Coinidol.com reported. On the downside, if it retraces and remains above the $80,000 low or the 21-day SMA support, an upward move will begin, with the next obstacle at $91,000.

However, if it retraces and falls below the $80,000 support, the Bitcoin price will drop towards the $77,000 level. Meanwhile, the price is trading above the $80,000 support level but below the $82,500 peak. BTC is currently at $80,965.

Technical indicators            

• Major supply zones: $120,000, $125,000, $130,000

• Major demand zones: $80,000, $75,000, $70,000    

BTC Price Indicator Analysis

The 21-day SMA is above the 50-day SMA support and sloping upward, indicating an uptrend. The price bars are above the moving average lines, showing that Bitcoin is rising each time it tests the 21-day SMA support.

On the 4-hour chart, the moving average lines are sloping upward, confirming an uptrend. Following its recent high, BTC has slipped above the 21-day SMA support. Bitcoin will fall if it loses its 21-day SMA support.

What Is the Next Move for Bitcoin?

The largest cryptocurrency has crossed the $80,000 mark, but it has also faced more rejection at its recent peak. Bitcoin's range-bound movement will resume if buyers recover and hold above the $80,000 support. BTC is expected to increase and retest the $82,500 barrier. If the present support of $80,000 is breached, Bitcoin is projected to fall to a low of $77,000.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.