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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
As the crypto market seeks to regain its bullish momentum, Bitcoin price has staged a notable rebound to reach levels of $82,800. According to reports, this rally was fueled by renewed optimism among traders, easing the selling pressure that dominated recent sessions. However, analyst Benjamin Cowen has cautioned that the cryptocurrency has not yet reached its cycle bottom despite this recent recovery.
This price action occurs amid mixed performance for major digital assets, with Ethereum (ETH) stabilizing at $3,450 per market data, while investors monitor the sustainability of inflows into spot ETFs. Compared to previous rallies, market experts suggest that returning above the $80,000 threshold is a significant technical signal, though it remains vulnerable to volatility linked to global monetary policy expectations.
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Sign InTechnically, Bitcoin is trading at $82,800 (close May 26, 2026), with traders closely watching the FOMC Minutes on May 20, 2026, to determine the dollar's trajectory. Additionally, Governor Bailey’s speech (Bank of England) on the same day will be a key event for monitoring global inflation expectations, which could directly impact risk appetite across crypto asset markets.
Update: Alongside the price recovery, on-chain data has revealed a sharp decline in network participation, with active addresses plunging 39% to 494,000 from 821,000 just two weeks ago. This contraction in wallet activity suggests a potential divergence between price action and underlying network demand despite the recent move above $82,000.
Update: Market concerns have intensified following warnings of a potential 'bloodbath' price crash, as traders began selling off positions in BlackRock’s spot Bitcoin ETF (IBIT). This shift in investor behavior within the largest spot ETF signals a significant escalation in bearish sentiment regarding near-term price stability.