What to know:
- Bitcoin continues upward momentum into May 2026 as investors assess broader valuation signals.
- MVRV bands suggest long-term support zones remain far below the current market structure, indicating untested downside levels.
- Technical momentum remains intact with RSI above neutral levels and price holding above key short-term moving averages.
Bitcoin continues with its upward momentum at the beginning of May 2026, exhibiting consistent price movement even as investors wait for signals on valuation from the bigger picture.
At the time of writing, Bitcoin is trading at $78,693, posting a 3.13% gain over the last 24 hours. Daily trading volume reaches approximately $42.97 billion, while its total market capitalization stands at around $1.57 trillion.
Source: CoinMarketCap
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Bitcoin Holds Above Key MVRV Levels
On May 1, 2026, a popular crypto analyst, Ali Martinez, highlighted the significance of MVRV bands in determining the extreme points of Bitcoin’s cycle.
Historically, the most important bottom for Bitcoin has been in the range of 1.0 to 0.8 MVRV, places where the market sells near or even under the break-even level. Historically, it has been a place where selling pressure is reduced, and accumulation starts.
Source: Ali Martinez’s X Post
It is clear from past data since 2010 that all these dips have ultimately stabilized at such small numbers. This could be taken as the point when all the weak hands leave the market, and the strong hands enter it.
In the present cycle, Bitcoin has not touched upon any of these important levels of valuation. The MVRV levels for late April 2026 are set at about $54,145 for the 1.0 level and $43,316 for the 0.8 level.
Although Bitcoin is presently trading significantly above these levels, there still remains the possibility that they may prove important in case of any bearish trends developing in the market.
Bitcoin Momentum Slows After Rally
Technically, Bitcoin seems to be gaining some stability. Its RSI currently stands at 61.47, which is higher than its signal line of 60.52, thus suggesting that buying power is still intact.
The price level is also remaining above critical moving averages, which are located at around $76,137, $72,406, and $72,361. This is an indication that there is still some bullish momentum on the charts in the shorter-term horizon.
Source: TradingView
However, Bitcoin is currently trading below the 200-day MA at $84,025, which remains a solid resistance level. A decisive breakout above this level will be required for a bullish momentum confirmation.
The indicators are starting to give some hints about their reversal. The MACD line continues to remain above the signal line, indicating rising momentum. However, the histogram now shows a negative reading, which implies that the rate of rally is slowing down following the surge witnessed in April.
Bitcoin Holds Firm at Resistance
For now, the BTC remains in a stable position with active buyers, although not powerful enough to break through key levels of resistance. Meanwhile, according to the long-term valuation tools such as MVRV, it seems that lower price zones have not been tested in this market cycle.
For the moment, the market is balanced between its short-term firmness and significant long-term resistance levels, which might be tested if circumstances alter.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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