Monday, May 11, 2026

Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout

BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.

source https://www.coindesk.com/markets/2026/05/12/bitcoin-s-floor-looks-firmer-at-usd80-000-but-traders-still-don-t-trust-the-breakout

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Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout

BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data...