FxWirePro: USD/CAD gains some ground but bias is bearish 
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure 
Trump’s Hardline Stance Rattles Markets: BTC/USD Faces Volatility but Technicals Signal Strength 
Yen Retreats: AUDJPY Hits Three-Day Winning Streak as Bullish Momentum Surges 
FxWirePro: AUD/USD eases slightly as focus shifts to US-China meeting 
FxWirePro: GBP/USD slide extends as UK political tumult intensifies 
FxWirePro: USD/CNY slips as Yuan firms ahead of Trump-Xi talks 
FxWirePro: GBP/NZD edges higher but bias is bearish 
Bitcoin Holds Steady Near USD 80k as the CLARITY Act Heads for a Decisive Senate Vote 
BTCUSD pared most of its gains on weak institutional demand. It reaches an low of $78750 and is currently trading at roughly $79445.
Over the five trading days ending May 12, 2026, US spot Bitcoin ETFs have seen a dramatic shift in attitude, with around USD 602.6 million in net outflows. As Bitcoin prices fell below the USD 80,000 mark, this downward trend, mostly driven by large redemptions from heavyweights such as Fidelity's FBTC and BlackRock’s IBIT, broke a strong USD 1.7 billion inflow run. Although the cumulative 10-day net is still positive at USD 926.4 million, the recent increase in outflows, peaking at USD 257.7 million on May 7, points to aggressive profit-taking and a decrease in investor appetite given the increased market volatility.
|
Technicals |
CMP -$79410 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$80233 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$77549 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$75994 |
CMP>365 EMA |
Bullish |
Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $81000. Any break above targets $85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-129.29 |
|
ADX |
Neutral |
|
It is good to buy on dips around $78000 with SL around $76000 for a TP of $90000.
