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Massive reversal underway in Bitcoin.
Bitcoin has just closed a weekly candle above $82,000 for the first time since January 26 — a major technical shift.
Here’s what the chart is showing:
BTC is trading around $82,200, holding just above the rising wedge
Weekly MACD has printed a bullish crossover
RSI has climbed to 52, moving back into bullish territory
Bitcoin is trading above the Weekly MA20 for the first time in 2026
Key support remains at $74,000.
The next four days could be critical as the Senate Banking Committee is set to vote on the Clarity Act on May 14.
Meanwhile, US markets have now posted six consecutive green weekly candles. If equities remain stable this week, we could see fresh capital flow back into crypto.
On the other hand, any sharp correction in US stocks would likely put pressure on the crypto market as well.