Technical Version (Focuses on On-Chain & Charts)
Bitcoin continues its impressive three-day rally, currently testing a critical technical pivot at the $82,000 level. As of May 11, 2026, $BTC
has breached the 200-day exponential moving average (EMA), a major signal that often separates long-term bearish trends from confirmed bullish reversals. 📊 $USD1
The on-chain data looks promising, with @Bitcoinworld network activity reaching yearly highs. This surge in unique addresses suggests genuine adoption rather than just speculative trading. However, traders should watch the RSI, which is currently hovering near 70, indicating overbought conditions. A healthy consolidation near the $80,000 support would be constructive before any push toward the $85K psychological barrier. Institutional inflows remain steady, but keep an eye on the upcoming CLARITY Act markup, as it could spark near-term volatility. Stay disciplined! ⚡️ #StrategyToResumeBTCPurchases $ETH #TrumpToVisitChinaFromMay13To15
