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Bitcoin reaches its highest level in 3 months

Technical Analysis
By Mostafa Mahmoud
Bitcoin reaches its highest level in 3 months
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BTCUSDبيتكوين 4-5-2026

Bitcoin is trading in an upward trend on the medium term, opening the way for price gains and formation of new highs, while if support level 78650$ is broken to the downside, 75000$ may be targeted during today’s trading.​

 

Support

 78650 75000
Resistance 80100

80600​

Bitcoin witnessed a strong upward movement in financial markets today, as its price rose driven by increased demand from institutional investors and liquidity inflows into cryptocurrency linked investment funds, along with an improvement in overall market risk appetite. Bitcoin managed to break through key resistance levels and trade at its highest level in three months, before experiencing some profit taking that led to relative stabilization within a higher range.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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