{"id":71917,"date":"2026-05-01T18:29:03","date_gmt":"2026-05-01T18:29:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/traders-push-bitcoin-near-79000-resistance-wiping-120m-in-bearish-positions\/"},"modified":"2026-05-01T18:29:03","modified_gmt":"2026-05-01T18:29:03","slug":"traders-push-bitcoin-near-79000-resistance-wiping-120m-in-bearish-positions","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/traders-push-bitcoin-near-79000-resistance-wiping-120m-in-bearish-positions\/","title":{"rendered":"Traders Push Bitcoin Near $79,000 Resistance, Wiping $120M in Bearish Positions"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li> <span>Bitcoin<\/span> surged over $2,000 on May 1 to test $79,000 resistance after a 13% gain in April.<\/li>\n<li> <span>Bitcoin<\/span>\u2019s jump triggered $120 million in short liquidations as <span>market cap<\/span> hit $1.57 trillion.<\/li>\n<li>Analysts warn that Federal Reserve policy shifts may trigger <span>volatility<\/span> in high-value assets.<\/li>\n<\/ul>\n<h2>Geopolitical Friction<\/h2>\n<p>After ending April with gains exceeding 13%, <span>Bitcoin<\/span> kicked off the new month on a high, rising by more than $2,000 at one point to test the $79,000 resistance. According to the daily chart, <span>bitcoin<\/span>\u2014which traded just below $76,500 late Thursday\u2014spiked to $77,340 just minutes before midnight.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>The leading <span>cryptocurrency<\/span> then oscillated between $77,000 and $77,500 throughout early Friday. A second rally saw it reach an intraday peak of $78,924 around 9 a.m. EDT before quickly reversing some gains. At the time of writing (12:30 p.m.), <span>bitcoin<\/span> was trading near $78,300, a 2.6% gain over 24 hours.<\/p>\n<p> <span>Bitcoin<\/span>\u2019s surge on May 1 pushed its market capitalization from $1.52 trillion on Wednesday to nearly $1.57 trillion. <span>Bitcoin<\/span>\u2019s Friday jump triggered the <span>liquidation<\/span> of $120 million in short bets\u2014more than half of the $217 million in short positions liquidated across the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> economy over 24 hours.<\/p>\n<p>Like U.S. equities, the rebound was seemingly driven by reports that Iran had submitted a fresh proposal to Washington via Pakistani mediators. However, President Donald Trump appeared to reject the proposal while speaking to reporters at the White House, noting that while Tehran\u2019s leadership has expressed a willingness to reach a negotiated settlement, internal infighting makes a resolution impossible.<\/p>\n<p>While news of a possible diplomatic opening pulled Brent crude oil prices below $110 per barrel, commentators warn the drop is temporary as long as the Strait of Hormuz remains closed. This suggests gasoline prices will likely remain elevated\u2014a scenario expected to challenge Trump and the Republican Party in the upcoming midterm elections.<\/p>\n<p>Meanwhile, markets are increasingly recognizing that Middle East risks may not dissipate soon. Although U.S. officials claim \u201chostilities have ended,\u201d Trump suggested the ceasefire could still be abandoned. With Israel warning of renewed strikes on Iran and unresolved military pressure around the Strait of Hormuz, the current ceasefire resembles a temporary delay rather than a durable resolution.<\/p>\n<p>Although <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> continues to seemingly benefit from residual risk appetite and institutional inflows, a Bitunix analyst warns that if global markets rotate from a soft landing narrative toward a stagflation trade, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> across high-valuation assets could expand materially. The analyst added that if markets conclude the Federal Reserve is losing policy flexibility and directional clarity, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> expectations may again become the dominant pressure point for risk assets.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"flex flex-col overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:hidden\">\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Reverses 3-Day Slide, Climbs Past $76K Despite $75M Long Liquidations<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Despite initial volatility following the Federal Reserve&#8217;s decision to hold interest rates, bitcoin reclaimed the $76,000 level, positioning it for\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:flex md:flex-row md:gap-3 lg:hidden\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Reverses 3-Day Slide, Climbs Past $76K Despite $75M Long Liquidations\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Reverses 3-Day Slide, Climbs Past $76K Despite $75M Long Liquidations<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Despite initial volatility following the Federal Reserve&#8217;s decision to hold interest rates, bitcoin reclaimed the $76,000 level, positioning it for\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] lg:flex lg:flex-row lg:gap-4\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Reverses 3-Day Slide, Climbs Past $76K Despite $75M Long Liquidations\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fbitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<div class=\"flex items-start gap-3\">\n<h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Reverses 3-Day Slide, Climbs Past $76K Despite $75M Long Liquidations<\/h3>\n<p><a class=\"flex h-12 w-[180px] shrink-0 items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitcoin-reverses-3-day-slide-climbs-past-76k-despite-75m-long-liquidations\/\">Read Now<\/a><\/div>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Despite initial volatility following the Federal Reserve&#8217;s decision to hold interest rates, bitcoin reclaimed the $76,000 level, positioning it for\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/traders-push-bitcoin-near-79000-resistance-wiping-120m-in-bearish-positions\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Bitcoin surged over $2,000 on May 1 to test $79,000 resistance after a 13% gain in April. Bitcoin\u2019s jump triggered $120 million in short liquidations as market cap hit $1.57 trillion. Analysts warn that Federal Reserve policy shifts may trigger volatility in high-value assets. Geopolitical Friction [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":71918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71917"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71917"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71918"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}