{"id":27555,"date":"2026-05-05T08:07:06","date_gmt":"2026-05-05T08:07:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-rally-targets-89k-after-macd-crossover-but-can-bulls-hold\/"},"modified":"2026-05-05T08:07:18","modified_gmt":"2026-05-05T08:07:18","slug":"bitcoin-rally-targets-89k-after-macd-crossover-but-can-bulls-hold","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-rally-targets-89k-after-macd-crossover-but-can-bulls-hold\/","title":{"rendered":"Bitcoin rally targets $89K after MACD crossover, but can bulls hold?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p><strong>Bitcoin (BTC) traded near $81,025 on May 5 after rising 1.56% in the latest session.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_3eeac606355a5dc79dec3f3d12f0d484\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ali Charts says Bitcoin\u2019s weekly MACD crossover has already driven a 15% price increase since April 13.<\/li>\n<li>Bitcoin whales bought 4,527 BTC worth about $362M as ETF inflows supported renewed institutional demand.<\/li>\n<li>Santiment data shows Bitcoin on-chain activity hit two-year lows despite BTC reclaiming the $80K level.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The asset also recorded an intraday high near $81,204, while trading volume stayed elevated as buyers returned above the $80,000 zone.<\/p>\n<p>The move followed a sharp market reaction to Middle East headlines and renewed demand through U.S. spot Bitcoin ETFs. Bitcoin\u2019s rebound placed the market back near a key technical area watched by traders after several weeks of recovery.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Analyst watches $83,000 resistance<\/strong><\/h2>\n<p>Well-known crypto analyst Ali Martinez asked, \u201cIs Bitcoin heading to $100,000?\u201d He <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/alicharts\/status\/2051512459635392780?s=20\" target=\"_blank\" rel=\"nofollow\">said<\/a> Bitcoin has shown structural strength since a bullish MACD crossover appeared on the weekly chart on April 13. Since then, BTC has gained about 15%.<\/p>\n<p>Ali Martinez said similar weekly MACD crossovers preceded earlier multi-month moves. He cited a 147% rally after Oct. 23, 2023, a 75% rally after Oct. 14, 2024, and a 35% rally after May 5, 2025.<\/p>\n<p>On the daily chart, Ali placed the 200-day simple moving average near $83,000. He described that area as the main psychological and structural barrier. A daily close above it could open a path toward $89,000, with $94,000 as the next target.<\/p>\n<h2 class=\"wp-block-heading\"><strong>ETF inflows support Bitcoin demand<\/strong><\/h2>\n<p>Spot Bitcoin ETFs added fresh support to the rally. SoSoValue data <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\" target=\"_blank\" rel=\"nofollow\">showed<\/a> U.S. spot Bitcoin ETFs drew $532 million in net inflows on May 4, after $630 million on May 1. The two sessions brought about $1.16 billion into the products.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: SoSoValue<\/figcaption><\/figure>\n<p>ETF demand also suggests that many buyers are entering Bitcoin through regulated market products rather than direct on-chain transfers. Bitcoin\u2019s market dominance also rose above 60%, showing that capital continued to favor BTC over many altcoins during the move.<\/p>\n<p>Ali Charts also <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/alicharts\/status\/2051392418604548348?s=20\" target=\"_blank\" rel=\"nofollow\">reported<\/a> that whales bought 4,527 BTC in 24 hours, worth about $362 million. That activity points to large-holder demand even as broader network use remains weak.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Network activity sends mixed signal<\/strong><\/h2>\n<p>Santiment data showed Bitcoin\u2019s on-chain activity dropped to two-year lows while BTC moved back above $80,000. About 531,000 Bitcoin wallets made daily transfers, while roughly 203,000 new wallets were created each day.<\/p>\n<p>That creates a mixed setup for the market. Price has risen while fewer users are active on-chain, meaning the rally may depend more on whales, ETFs and derivatives activity than broad retail participation.<\/p>\n<p>Short liquidations also helped the move. Market data cited by traders showed about $270 million in short positions were cleared as BTC moved higher. Better miner returns also reduced near-term selling pressure, with daily mining revenue per petahash rising to its highest level since late January.<\/p>\n<p>Finally, Macro conditions also shifted after the U.S. launched Project Freedom to guide ships through the Strait of Hormuz. Reuters <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-destroys-six-iranian-small-boats-shoots-down-missiles-drones-us-admiral-says-2026-05-04\/\" target=\"_blank\" rel=\"nofollow\">reported<\/a> that the operation followed weeks of tension around the shipping route, which remains central to global oil flows.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) traded near $81,025 on May 5 after rising 1.56% in the latest session.\u00a0 Summary Ali Charts says Bitcoin\u2019s weekly MACD crossover has already driven a 15% price increase&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27555"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27555\/revisions"}],"predecessor-version":[{"id":27556,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27555\/revisions\/27556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8901"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}