Three signals pointing to a possible bitcoin move to $85,000
Key takeaways
- Published May 7, 2026, 5:36 a.m. 4 min read Make preferred on Bitcoin signals point to more gains ahead.
- The rally is not just about price, but about the ripples beneath the surface.
- Further gains look likely because bitcoin has topped two levels that on-chain analysts consider among the most important in the market: The True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79,100.
Published May 7, 2026, 5:36 a.m. 4 min read Make preferred on Bitcoin signals point to more gains ahead. (v2osk/Unsplash)What to know: Bitcoin has moved above key cost basis levels, strengthening the bullish case, blockchain analysts said. Funding rates have flipped from negative to neutral, easing sustained short pressure in futures markets, Bitfinex said.Dealers are short gamma around $82K, which can force hedging that adds buying pressure as price rises, analysts added.Bitcoin BTC$82,164.36, the world's largest digital asset by market value, has risen from roughly $63,000 to over $80,000 in the past three months, according to CoinDesk market data. And key signals that professionals watch closely are now all pointing in the same direction: $85,000.
The rally is not just about price, but about the ripples beneath the surface.
Further gains look likely because bitcoin has topped two levels that on-chain analysts consider among the most important in the market: The True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79,100.