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via CoinDesk · By CoinDesk Staff

Bitcoin (BTC) narrowly missed a major breakout. History says be careful.

BTC

BTC/USDT

$59,579.25

-1.95%

$59,579.25

-1.95%

(24s)

24h Volume

$29,310,550,613.53

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.6%

Long: 71.6%Short: 28.4%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,468.42

▼ -2.64%

Volume (24h): -

Resistance Levels

Resistance 3$62,909.86

Resistance 2$61,582.21

Resistance 1$59,848.61

Price$59,468.42

Support 1$59,453.63

Support 2$58,115.01

Support 3$51,387.09

Pivot (PP):$59,848.61

Trend:Downtrend

RSI (14):29.9

CoinDesk Staff

(11:29 AM UTC)

1 min read

Reviewed byMichael Roberts

1316 views

0 comments

Your day-ahead look for May 7, 2026

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.

Bitcoin BTC$80,953.28 has pulled back below $81,000 after narrowly missing a test of the closely watched 200-day simple moving average (SMA), currently located near $83,300, on Wednesday. The broader crypto market is also trading in the red, with the CoinDesk Smart…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CoinDesk Staff · CoinDesk

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