Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance

Traders cashed out nearly $1.2 billion worth of Bitcoin in a single day last week — a sign that the recent recovery may be running out of steam. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High On May 4, investors sold 14,600 Bitcoin, pushing daily realized profits to their highest point since early December. According to криптовалютуQuant, that kind of selling spike during a bear market rally has historically marked a local price top. A Rally Under Pressure Bitcoin climbed roughly 37% over six weeks, rising from $66,000 in early April to briefly touch $82,380. That level lines up with the cryptocurrency’s 200-day moving average — a technical marker that proved to be a wall during the 2022 bear market. Back then, Bitcoin hit that same average in March before sliding further into a prolonged decline. криптовалютуQuant’s latest research draws a direct line between that episode and today’s setup. Unrealized profits among traders also spiked during the recent run-up. On May 5, profit margins reached over 17%, the highest reading since June of last year. Bitcoin traders’ unrealized profit margins hit 17.7%, the highest since June 2025. The last time margins reached these levels while Bitcoin tested the 200-day MA was March 2022, just before the downtrend resumed. pic.twitter.com/Zgfe9jFTiv — криптовалютуQuant.com (@cryptoquant_com) May 13, 2026 Data shows that figure mirrors conditions last seen in March 2022 — right before Bitcoin resumed its fall. The combination of profit-taking and a historically significant resistance level has prompted криптовалютуQuant to flag the possibility of a trend reversal. Inflation Data Adds To The Pressure Outside the crypto market, broader economic signals are adding to the uncertainty. The US Labor Department reported that producer prices rose 1.4% in April, the steepest increase in four years. Bitcoin has grown more sensitive to US economic data as Wall Street adoption has expanded, and the inflation report pushed the price down 2.3% in 24 hours to around $79,250. If selling pressure does push Bitcoin lower, криптовалютуQuant puts the next major support around $70,000. That level reflects the average price at which all Bitcoin was last transacted and has historically shifted from resistance to support during bear markets. At that point, short-term traders would have little unrealized profit left, removing much of the incentive to sell. Bulls Still See A Different Path Not everyone reads the charts the same way. MN Capital founder Michaël van de Poppe said Bitcoin could make a fast move to $90,000 if the US Senate advances the CLARITY Act, a long-awaited piece of crypto legislation. This can literally go both ways. If this continues to grind upwards, with the upcoming CLARITY Act tomorrow, I would assume we might see a fast move to $90K in a matter of days for #Bitcoin. The build-up is sincerely strong. pic.twitter.com/rYkwa7lWYF — Michaël van de Poppe (@криптовалютуMichNL) May 13, 2026 Related Reading: Strategy Boosts Bitcoin Position With Fresh $206M STRC Injection A return to Bitcoin’s all-time high of $126,000 is seen as almost inevitable, according to Maelstrom investment chief Arthur Hayes Hayes pointed to money printing pressures linked to the Iran conflict and the escalating US-China race in artificial intelligence as key catalysts. Both просмотры reflect the sharp divide among market watchers as Bitcoin sits at a critical juncture. Featured image from Mint, chart from TradingView