The post Bitcoin Price Today: BTC Reclaims $80,000 After Bottoming Near $74,900 – What Comes Next? appeared on BitcoinEthereumNews.com.
Bitcoin is trading near $80,830 as of May 5, 2026. The weekly CoinMarketCap chart shows a full recovery from the April 30 low near $74,900, with buyers pushing BTC back above $80,000 over a four-day stretch. $80,000 had been a ceiling for most of the past three months. BTC is now trading above it, and the question is whether that level holds as support. What Happened This Week Bitcoin opened near $76,790 and ran into immediate selling pressure. By April 30, BTC dropped to a weekly low around $74,900. Buyers stepped in at that level from May 1. The recovery was steady rather than explosive, which is a healthier sign than a single-candle spike. By May 2 to 3, BTC was back above $79,000. By May 4 to 5, it cleared $80,000 and pushed to the current price near $80,830. BTC/USD 1W chart showing the April 30 low near $74,900 and the recovery above $80,000 by May 5, 2026. Source: CoinMarketCap. If BTC holds above $80,000 on a 4H closing basis, the recovery stays intact. Resistance sits near $81,500, then $82,000. A close above $82,000 opens the path toward $84,000. If BTC loses $80,000, the setup weakens fast. Buyers would need to defend $78,500 to $79,000 next. A daily close under $77,500 erases most of the week’s gains. What Needs to Happen for the Move to Continue Two things matter beyond price levels. Spot demand. The bounce from $74,900 was real, but holding $80,000 requires consistent spot buying, not just short liquidations. Squeeze-driven rallies tend to fade once the forced covering stops. ETF flows. Spot Bitcoin ETF inflows have been a key demand driver in 2026. If those flows extend into this week, the move has backing. If they dry up, $80,000 becomes harder to hold. Key Levels Support: $80,000…