CryptoQuant signal has flipped Bitcoin into early bull territory for the first time since March 2023, analysts say.
Bitcoin's move back above $80,000 has brought various interesting outlooks in terms of what's next. Crypto analyst Merlijn The Trader says the current structure looks similar to Bitcoin's fakeouts in 2017 and 2021, where price briefly broke below support, quickly recovered, and then expanded higher.
Wintermute flags short squeeze mechanics as Bitcoin breaks above $80K for the first time since January
Despite the most recent rejection close to the $82,000 resistance level, Bitcoin is still structurally bullish. With the help of the rising trendline that keeps price action cohesive, the chart continues to display a clear series of higher lows since early April.
Exodus launches Exodus Pay and XO Cash stablecoin as it moves beyond wallets into crypto payments.
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Bitcoin continues to trend higher, demonstrating resilience despite short-term volatility and pressure from resistance. Rather than displaying signs of heavy distribution or aggressive selling, the market has maintained a constructive structure with shallow pullbacks and consistent higher highs, reinforcing confidence in the broader bullish trend.
Publicly traded Bitcoin wallet firm Exodus (EXOD) is moving beyond that initial category to focus on the full crypto payments stack.
Exodus wallet sold 1,076 bitcoin in Q1 2026 to fund its $175 million acquisition of W3C's payments business.