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2026-05-08 11:14:05 UTC

Paulthefree on Nostr: Bitcoin hit $82k this week, then got rejected at the 200-day moving average — ...

Bitcoin hit $82k this week, then got rejected at the 200-day moving average — again. Seven months of failed breakouts at that level. And yet spot ETF inflows just topped $1.63B in the first week of May alone. Institutions are quietly stacking while everyone debates the chart.

The Kevin Warsh Fed chair transition on May 15 could be the macro unlock — or another reason to hesitate.

At what point does consistent demand override technical resistance? #Bitcoin #BTC #Macro #Nostr