NewsBTC •
May 9, 2026 at 03:00 •
Analysis
Bitcoin is facing resistance after weeks of upside that carried it significantly above the lows that defined the worst of the correction. The recovery had been building momentum — and today that momentum met a specific kind of obstacle that XWIN Research Japan has analyzed in detail, with findings that change how the decline should be read. Related Reading: Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the Mechanics Bitcoin briefly fell below $80,000 today. Ethereum dropped under $2,300. More than $90 billion was erased from the combined crypto market cap from recent highs, with approximately $331 million in liquidations over the past 24 hours — nearly $100 million of that occurring within a single two-hour window. The speed and scale of th...
