Bitcoin’s momentum above $80,000 is slowly building as market structure improves, according to Glassnode analysis.
Bitcoin spent the past week rising from around $78,000 to as high as $82,000 twice, with buyers continuing to “absorb pullbacks even as momentum began to slow near local highs,” Glassnode reported Monday.
The asset briefly fell below $81,000 in early trading in Asia on Tuesday, but there was “strong bullish sentiment” and “increasing conviction” in upward price movements, He added.
Spot trading volume has increased, indicating that recent price movements are “gaining momentum with stronger investor participation,” the analytics provider noted.
Bullish undertones are building
This means that BTC’s market structure continues to improve, supported by stronger on-chain activity, better profitability, and a more stable holder position, analysts concluded.
“While bullish overtones are increasing, weak capital flows and cautious sentiment suggest the market remains sensitive to shifts in risk appetite.”
Swissblock reported on Tuesday that Bitcoin “remains in full momentum” and that the latest reset looks similar to previous failed attempts at reigniting.
“Bitcoin has now consolidated within the cost-based battlefield while momentum remains structurally strong. As long as momentum remains above the transition zone, the bulls maintain control.”
Bitcoin is still in full momentum.
The recent reset looked similar to previous failed ignition attempts:
→ Momentum recovered briefly
→ Failure to maintain the transition zone
→ It fell back to negative momentumBut this time was different.
Successful momentum… pic.twitter.com/EBZdNLW0rD
– Swiss Block (@swissblock__) May 11, 2026
Founder and CEO of Alphractal João Widson Notice The 30-day change in exchange reserves paints a different picture, with Bitcoin falling every time this metric turns positive. Bitcoin’s entry onto exchanges is usually a sign that investors are willing to sell or short the asset.
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Meanwhile, Permapol “Psychodelic” remained as optimistic as ever, Saying There were no hard rejections, no widespread selling, and no weak price action. “What we encountered were small rejections and then higher spikes.”
They note that BTC is now above a bull market support range, the true market average, and the ten-day short-term holder cost basis, including a daily close above the 200-day EMA.
“The broader market is fully exposed to risk, and I expect the $85,000 level to be breached, most likely this week,” they predicted.
BTC price forecast
The asset fell during the day, falling from another retest of $82,000 to $81,100 at the time of writing.
The asset has been sideways over the past seven days, but is up more than 13% over the past month. It has been on a slow but steady upward trend over the past six weeks.
