Bitcoin Rebounds, Approaching the $80,000 Milestone Amid Market Optimism
May 4, 2026 – Warsaw — Bitcoin has shown a notable rebound in the cryptocurrency market, edging closer to the significant $80,000 level, according to recent analysis from the brokerage firm XTB. The rally comes amid an overall upbeat mood in global equity markets, with Bitcoin climbing above $79,000 earlier today and attempting to sustain a break beyond the symbolic $80,000 resistance mark.
Key Market Dynamics
The $80,000 price point is widely seen as a critical psychological and technical threshold in Bitcoin trading. This level is influenced not only by the round-number effect that often affects investor behavior but also by on-chain metrics such as the True Market Value and dealer positioning. While improved inflows into Bitcoin have been driven by institutional interest and increased buying from ETFs, the overall distribution phase continues due to comparatively subdued spot market demand.
Charts indicate that the current rebound phase following recent price declines is longer-lasting and covers a broader percentage range than the previous rally. Despite this, experts caution that such characteristics alone do not guarantee a return to a sustained uptrend. In particular, the area between $82,000 and $83,000 represents another significant test for Bitcoin’s momentum, coinciding with the 200-day Exponential Moving Average (EMA), which may act as a strong resistance point. As of now, the rebound remains fragile, despite the 14-day Relative Strength Index (RSI) rising above 65, a level typically indicating increased buying momentum.
Profit-Taking by Short-Term Holders
On-chain data reveals that as Bitcoin’s price approached $80,000, short-term holders have been actively realizing profits. The 24-hour simple moving average (SMA) of short-term holder realized profit surged to around $4 million per hour—about four times higher than levels observed since mid-April. This profit-taking behavior has overwhelmed the relatively low liquidity in the spot market, resulting in a temporary slowdown of upward price momentum.
Options Market and Hedging Activity
The cryptocurrency options market has reflected the evolving sentiment around Bitcoin’s price movements. Over April, implied volatility declined, and the 25 Delta Skew—an indicator measuring demand for downside protection—fell from approximately 18% to 12%, suggesting reduced appetite for hedging against price drops.
However, the one-week skew has shown more tactical fluctuations, frequently returning toward neutral levels between 2% and 4%, indicating short-term shifts between buying calls and selling downside protection. With Bitcoin now nearing the $80,000 resistance level, demand for put options has risen again, pushing the skew back to the 11-12% range across different expirations. These patterns suggest that while traders are cautiously optimistic in the short term, they maintain protection against downside risks further out on the curve.
Positioning and Potential Price Amplification
Market participants are increasingly focused on positioning around the pivotal $80,000 strike. Sustained interest at this level across short- and mid-term maturities points to a tilt toward upside exposure, rather than a bet on rejection at resistance.
Key “short gamma” zones, where dealer hedges can amplify price movements, have been identified near $76,000 on the downside and $82,000 on the upside. The relatively low liquidity environment means that a successful break above $80,000 could push Bitcoin’s spot price closer to the $82,000 resistance zone, where dealer hedging may force buying into strength, potentially reinforcing the upward move. Although positioning remains measured, the market is becoming increasingly susceptible to a sharper rally if the $80,000 barrier is overcome sustainably.
About XTB
XTB Group, headquartered in Warsaw, Poland, with over 20 years of experience in the investment industry, offers advanced trading platforms and a wide range of instruments including Forex, Indices, Commodities, Stocks, ETFs, Crypto, and Options. XTB emphasizes providing educational resources, market reviews, and daily webinars to support investors.
Risk Warning: Trading in CFDs (Contracts for Difference) and Options carries significant risk, with 75% of retail investor accounts losing money when trading with leverage. Investors should carefully consider whether they understand how these instruments work and if they can afford the risks involved.
This report is prepared by XTB S.A., regulated by the Polish Financial Supervision Authority (KNF). It constitutes marketing communication and does not constitute investment advice or recommendations. Readers are advised to consult financial professionals before making investment decisions.
For continuous updates and access to detailed market analysis, visit XTB’s official website or use their award-winning mobile and web trading platforms.