{"id":96870,"date":"2026-05-06T16:22:41","date_gmt":"2026-05-06T13:22:41","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96870"},"modified":"2026-05-06T16:26:32","modified_gmt":"2026-05-06T13:26:32","slug":"bitcoin-hits-82000-as-analysts-expect-the-rally-to-continue","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-hits-82000-as-analysts-expect-the-rally-to-continue\/","title":{"rendered":"Bitcoin hits $82,000 as analysts expect the rally to continue"},"content":{"rendered":"<p>The price of the leading cryptocurrency climbed above $82,000, a three-month high. K33 Research <a href=\"https:\/\/k33.com\/research\/articles\/longest-streak-of-negative-funding-rates-in-the-2020s\">noted<\/a> that prolonged market pessimism is setting the stage for further gains.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-e430646c1658ed98-3674869885220890.webp\" alt=\"Screenshot-2026-05-06-at-11.33.58\" class=\"wp-image-279635\"\/><figcaption class=\"wp-element-caption\">Source: K33.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/the-funding-rate-how-it-helps-anticipate-price-reversals-in-bitcoin-and-ethereum\">Funding rates<\/a> in the derivatives market have stayed negative for 67 straight days. The 30-day average funding has surpassed the spring 2020 record\u2014the longest streak in the past decade.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-63e8858ef90dedf5-3674886203939823.webp\" alt=\"Screenshot-2026-05-06-at-11.41.44\" class=\"wp-image-279636\"\/><figcaption class=\"wp-element-caption\">Source: K33.<\/figcaption><\/figure>\n<p>Vetle Lunde, head of research at K33, stressed that this pattern reflects traders\u2019 defensive positioning. Historically, extended periods of negative funding have coincided with market bottoms.<\/p>\n<p>According to K33, buying bitcoin during bearish phases delivers higher returns than random entries. The probability of profit over horizons up to a year in such periods is 83%\u201396%, versus 55%\u201370% for purchases on arbitrary days.<\/p>\n<p>Lunde added that the state of the derivatives market creates a risk of a <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-short-squeeze\">short squeeze<\/a>. In his view, the metrics reflect genuine market sentiment rather than technical patterns. All past episodes with similar funding rates proved favourable for accumulation.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin and key resistance<\/h2>\n<p>BloFin\u2019s analysts compared the current market structure with January\u2019s set-up. Then the leading cryptocurrency rose 22%, reached <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surpasses-98000-mark\">$98,000<\/a> and hit the 200-day exponential moving average (<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-moving-average-and-how-is-it-used-in-crypto\">EMA<\/a>). A 38% drop to $60,000 followed.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/<br \/>\ud83d\udca1 Is Bitcoin about to break higher, or repeat January\u2019s rejection?<\/p>\n<p>The current rally mirrors January, when BTC surged 22% to $98K, hit the 200D EMA, RSI entered overbought territory, and got rejected hard, dropping 38% to $60k.<\/p>\n<p>\ud83d\udfe0 BTC: Same resistance, different demand\u2026 <a href=\"https:\/\/t.co\/ATgNcK6tAi\">https:\/\/t.co\/ATgNcK6tAi<\/a> <a href=\"https:\/\/t.co\/uLvsAiM30a\">pic.twitter.com\/uLvsAiM30a<\/a><\/p>\n<p>\u2014 BloFin Research (@BloFin_Academy) <a href=\"https:\/\/twitter.com\/BloFin_Academy\/status\/2051976858586247667?ref_src=twsrc%5Etfw\">May 6, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin is again moving within an ascending channel, and the <a href=\"https:\/\/u1f987.com\/en\/news\/what-the-rsi-is-for-and-whether-it-suits-cryptocurrencies\">Relative Strength Index<\/a> is nearing overbought territory. Yet the fundamentals look stronger than at the start of the year:<\/p>\n<ul class=\"wp-block-list\">\n<li>in April, net inflows into spot bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>s totalled $2.44bn\u2014the best since last autumn;<\/li>\n<li>large players and corporations are absorbing supply: Strategy bought over 100,000 BTC, and whales accumulated 270,000 BTC over the month;<\/li>\n<li>corporate demand is 2.5 times the pace of new coin issuance by miners.<\/li>\n<\/ul>\n<p>The critical range is $83,000\u201384,000. A sustained break above the 200-day EMA would confirm the bull trend.<\/p>\n<p>Among external risks, experts highlight uncertainty after the change of leadership at the <span data-descr=\"U.S. Federal Reserve System\" class=\"old_tooltip\">Fed<\/span> and the impact of oil prices on global inflation. These factors could heighten volatility and spur outflows from risk assets.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin at $93,000<\/h2>\n<p>XWIN Japan\u2019s analysts called $93,000 a key upside target for bitcoin. In their view, this level stems from the mechanics of price gaps on the <span data-descr=\"Chicago Mercantile Exchange\" class=\"old_tooltip\">CME<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Why $93,000 Is a Key Upside Target for Bitcoin<\/p>\n<p>\u201cCME gaps are not guarantees, but signals. They represent zones where positioning, liquidity, and market psychology converge, making them key reference points for future price action.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/xwinfinance?ref_src=twsrc%5Etfw\">@xwinfinance<\/a> <a href=\"https:\/\/t.co\/H1rh2O2eIJ\">pic.twitter.com\/H1rh2O2eIJ<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2051969875141181649?ref_src=twsrc%5Etfw\">May 6, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Gaps arise from differing trading schedules: CME futures operate only on weekdays, whereas the spot market runs around the clock. As a result, zones of thin liquidity form between Friday\u2019s close and Monday\u2019s open.<\/p>\n<p>Experts stressed that a gap is not merely a \u201cmagnet\u201d for price but an area where no trades occurred. The market tends to revisit such zones to rebalance positions and refill liquidity.<\/p>\n<p>Open interest (OI)\u2014the total number of active contracts\u2014is a key factor. Elevated OI points to excess leverage. When traders start to close positions or face liquidations, price moves toward liquidity clusters\u2014often the gaps.<\/p>\n<p>One gap has already been filled. The next target is around $93,000, which XWIN Japan sees as a logical medium-term reference.<\/p>\n<p>Analysts cautioned that the move will not necessarily be linear. If leverage swells without support from spot demand, the market may first turn lower. Such a correction would flush weak positions before a subsequent rise toward the upper target.<\/p>\n<h2 class=\"wp-block-heading\">De-escalation in the Middle East<\/h2>\n<p>The price of the leading cryptocurrency exceeded <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surpasses-the-psychological-barrier-of-80000\">$80,000<\/a> alongside gains in US equities. QCP Capital\u2019s analysts linked the positive tone to President Donald Trump\u2019s decision to pause Operation Project Freedom in the Strait of Hormuz.<\/p>\n<p>Easing regional tensions pushed oil prices down and the dollar weaker. Investors read this as a cue to buy risk assets. The S&amp;P 500 posted its best result since 2020, and bitcoin reaffirmed its correlation with equities.<\/p>\n<p>The options market does not yet confirm a full-fledged breakout. One-month implied volatility sits near 41%, and demand for put options persists\u2014participants are buying bitcoin but continue to hedge risks.<\/p>\n<p>Analysts highlighted key sources of pressure on prices:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Japan:<\/strong> a weak yen and rising government-bond yields could constrain global liquidity;<\/li>\n<li><strong>macro:<\/strong> sticky inflation and high US interest rates;<\/li>\n<li><strong>energy:<\/strong> a possible return of rising oil prices.<\/li>\n<\/ul>\n<p>For the rally to extend, bitcoin needs to hold above $82,000\u201383,000. QCP Capital warned that until these levels are cleared, any advance could flip into a sell-off if the external backdrop deteriorates.<\/p>\n<p>On May 5, BitMEX co-founder Arthur Hayes <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-predicts-collapse-of-most-altcoins\">said<\/a>, that bitcoin would rise to $125,000 by year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the leading cryptocurrency rose above $82,000, a three-month high. K33 Research noted that prolonged pessimism is creating conditions for further gains.<\/p>\n","protected":false},"author":1,"featured_media":96871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin tops $82,000 as K33 says persistent pessimism sets the stage for further gains.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,1167,1145,1326],"class_list":["post-96870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-k33","tag-market-analysis","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin tops $82,000 as K33 says persistent pessimism sets the stage for further gains.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96870"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96870\/revisions"}],"predecessor-version":[{"id":96872,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96870\/revisions\/96872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96871"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}