Bitcoin enters corrective phase after $82,800 peak

11 articles · Updated · MarketPulse · May 6

The cryptocurrency is holding above $80,000 support and testing around $81,000, with analysts saying an hourly close above $82,133 would revive momentum toward $85,000.
Charts show Bitcoin remains above its 50, 100 and 200-period moving averages, suggesting the pullback is consolidation rather than reversal despite bearish RSI divergence near the recent high.
If $82,133 is not reclaimed, traders may look for a deeper retest of the $80,000 breakout zone, while the broader setup still favours buying dips as long as that floor holds.

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