TLDR Bitcoin pulled back slightly after Strategy hinted it may sell some BTC holdings BTC remains near a three-month high, trading around $81,421 The coin is upTLDR Bitcoin pulled back slightly after Strategy hinted it may sell some BTC holdings BTC remains near a three-month high, trading around $81,421 The coin is up

Bitcoin (BTC) Price: John Bollinger’s Trend Model Turns Positive — He Just Went All In on BTC

2026/05/07 14:18
3 min read
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TLDR

  • Bitcoin pulled back slightly after Strategy hinted it may sell some BTC holdings
  • BTC remains near a three-month high, trading around $81,421
  • The coin is up 9% over the past week and 26% since late March
  • U.S.-Iran deal hopes boosted broader market sentiment earlier in the day
  • Key support sits at $80,000, with resistance near $82,750

Bitcoin has pulled back from its recent highs after Strategy, the largest corporate holder of Bitcoin, said it may sell some of its cryptocurrency. The news cooled what had been a strong rally for BTC over the past week.

Bitcoin (BTC) PriceBitcoin (BTC) Price

At the time of writing, Bitcoin was trading at around $81,421, little changed on the day but still at levels not seen since late January 2026.

The coin has gained around 9% over the last seven days and is up 26% since the end of March. That recovery has been steady and low in volatility, which analysts say has helped draw in new buyers.

Analyst Daan Crypto flagged on social media that Bitcoin is trading back above its Bull Market Support Band for the first time in six months. He noted that the weekly candle close would be key to confirming a breakout and a potential trend reversal.

U.S.-Iran Talks Add to Positive Mood

Earlier in the day, risk sentiment got a lift from reports that the U.S. and Iran were close to agreeing on a framework to end the conflict. Axios reported the White House was nearing a one-page memorandum of understanding covering nuclear enrichment and sanctions relief.

The Wall Street Journal added that the proposal was a 14-point plan allowing one month for further talks. President Trump confirmed the outlines of the deal on social media, warning that if Iran did not agree, military action would resume.

Iran’s foreign ministry said it was reviewing the proposal and would respond through Pakistani mediators.

Technical Levels to Watch

Bitcoin hit a high of $82,790 before pulling back into a consolidation phase. It is currently holding above the 100-hour moving average and a bullish trend line with support around $80,850.

If BTC holds above $81,500, the next resistance levels are $82,750 and then $83,500. A clean break above $82,750 could open the door to $84,200 or even $85,000.

On the downside, a failure to hold $80,200 could see a move toward $78,850, which aligns with the 50% Fibonacci retracement of the recent swing low at $74,940.

John Bollinger, creator of Bollinger Bands, stated on social media that his trend model for Bitcoin turned positive, with his Tactica program now fully invested in BTC.

The post Bitcoin (BTC) Price: John Bollinger’s Trend Model Turns Positive — He Just Went All In on BTC appeared first on CoinCentral.

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