Bitcoin has briefly dipped below the $80,000 level, but expectations are growing that it will soon enter a key resistance zone of $83,000 to $85,000. On May 13, blockchain media outlet beincrypto reported that the upper $80,000 range is where the 200-day moving average sits. It said a break above or failure there could determine whether the price rises further or re-enters a correction.

Bitcoin traded sideways above $72,000 for several sessions and at one point regained $81,000, but later pulled back. It has risen about 10 percent over the past month. Over the first 2 weeks of May, 24-hour trading volume also increased 4 percent.

The market is watching whether bitcoin can break through $83,000 to $85,000. If it clears that range, $89,000 was presented as the next target, followed by $94,000 and the psychological resistance level of $100,000. If it fails to hold the range, demand zones around $75,000 and $73,000 could be tested again. The area around $72,000, where the 100-day moving average sits, is also cited as a key support level.

Technical indicators are also supporting the upward move. Weekly MACD showed a bullish crossover on April 13, and bitcoin has since climbed about 15 percent. Similar signals in the past were followed by sharp rises. After a signal in October 2023 it rose 147 percent, in October 2024 it gained 75 percent, and in May 2025 it increased 35 percent.

On-chain indicators show miners' selling pressure is not yet large. The miner position index (MPI) fell below -1.0 in February when bitcoin slid to around $60,000. That has previously been a zone linked to accumulation rather than distribution by miners. MPI later rebounded but remains below 0. If it rises above 0.5, selling pressure could increase during a price advance.

Profit-taking has increased, but buying has been absorbing it. Santiment data showed that when bitcoin traded above $80,000, net realised profit reached $275.6 million, a cycle high. If bitcoin holds above $81,000 on a weekly closing basis and then confirms that level again as support, the possibility of a further rise into the $86,000 to $89,000 range could increase.