📈 Bitcoin Overcomes Major Resistance Level! |9 May 26|

🚀 US CLARITY ACT Voting Begins this Thursday! App Error Reports Bitcoin Dropping to $0.02!

Author

Jonathan Hamblin
May 09, 2026

Welcome back to

BULL MARKET BYTE

In partnership with

Your byte of cryptocurrency insight where we have cleaned our crystal ball, gazed into it for about 15 seconds, and see exactly what is happening next . . .

Well, partially. We may need to get a replacement soon. 😅

Here’s what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

📊 OUR BOLD PREDICTION

Even though a lot of hype is in artificial intelligence right now, multi-million and billion-dollar companies continue to accumulate Bitcoin in silence.

Artificial intelligence is the future, but is it ignorant to solely focus on AI?

Think about it . . . AI does not care about your USD, EUR, etc. AI recognizes its native language . . . a currency built on binary code!

Maybe overlooking cryptocurrency in the year 2026 isn’t such a good idea haha!

📊 KEY STATISTICS

  • Overall Market Capitalization = $2.68T

    • ($70B increase since last Saturday)

  • Bitcoin Market Capitalization = $160T

    • ($40B increase since last Saturday)

  • Bitcoin’s ROI in May = +5.23%

📊 BITCOIN’S DAILY MOVEMENT

Major development in Bitcoin’s movement . . . we finally broke above the “pullback area!”

We designed the “pullback area” many moons ago to show that Bitcoin would eventually return to this level after its overextension in price . . . which it did (score 1 for us).

Bitcoin was last listed above the “pullback area” on the 31st of January this year. 94 days later, Bitcoin has returned to the ~$81,322.51 level.

Unfortunately, this victory was short lived . . . here is what we are seeing . . .

Once Bitcoin broke major resistance at $81,322.51, it immediately tested $82,813.86 and was rejected. This resulted in Bitcoin retreating to $79,322.81. The good news?

Bitcoin converted $79,322.81 from major resistance to minor support!

Why major resistance? Well, in a span of 10 days, Bitcoin attempted to break above this level and finally on the 4th try it did.

Why minor support? Bitcoin has confirmed this level but only once and for a brief period.

Now, what we are watching is an “over, under” with Bitcoin’s price.

This is referring to Bitcoin being above and below an ascending support line as it follows towards $88,472.61.

📅 What is our target date? We project Bitcoin challenging $88,472.61 by the 19th of May.

This doesn’t mean Bitcoin will move above, but because of the fluctuation of price it could be in the nearby area . . . fingers crossed!

Ready for more!? Check out the “What to Anticipate” section below for more!

🧠 MARKET PSYCHOLOGY

Bitcoin is off to a strong start in May, but will the momentum continue?

According to the pulse in the market, the bears are so very slightly above the bulls, but it was a different story last week.

As of now, bullish traders make up 49.99% of the market while bearish traders make up 51.01%.

Extremely close battle that could change in the matter of seconds!

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Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.

The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

🔮 WHAT TO ANTICIPATE

As stated in last Saturday’s newsletter . . .

It is imperative that Bitcoin hold above $75,991.99 this upcoming week as each time it draws near it makes the support line weaker!

We are making the same wager going into this week. If Bitcoin can hold the $77,000 area, then we are confident that breaking above $79,322.81 is next.

Bitcoin did not only break above $79,322.81, but it also broke above $81,322.51 . . .

We are still waiting on Bitcoin to break above $82,813.86 but one step closer works for the moment, haha!

Thankfully, we have a strong argument for this week’s “bullish scenario.”

📈 BULLISH SCENARIO

We can feel the bullish pressure building and it is an amazing feeling!

Even though Bitcoin was not successful in breaking above $82,813.86, one thing is crystal clear . . .

Bitcoin’s bull flag formation continues to thrive!

With the successful “cup and handle” formation pushing Bitcoin upward through $79,322.81 and $81,322.51, the bull flag formation could do the same to $82,813.86.

Our timeline? Late next week!

📉 BEARISH SCENARIO

As much as we are rootin’ for $79,322.81 to hold strong as a newly established support line . . . this could not be the case.

Yesterday, Bitcoin price touched $79,322.81 and bounced back upwards which confirmed support but (big but here) . . .

If Bitcoin does not pursue $81,322.51 in the next 72 hours, Bitcoin could easily break this support level and move back towards $75,991.99.

The momentum must keep going in this fragile state that is “Bitcoin momentum.”

👀 WATCH FOR THIS NEXT

As we stated last week:

“Bitcoin is in a sideways consolidation between $75,991.99 and $79,322.81 and we don’t believe that will be long lived.”

This couldn’t have been more true!

Will Bitcoin test $81,322.51 again in the next 72 hours? If yes, then a re-test to $82,813.86 could establish another “cup and handle” formation!

With the previous formation, Bitcoin broke through major resistance, it is possible again!

🧠 OUR OVERALL THOUGHTS

We are still early in the game.

The higher Bitcoin rises and maintains above the previous cycle’s all-time high shows to us that there may be another run coming!

With Bitcoin breaking above $80,000, it is now less than $20,000 away from the major milestone of $100,000!

This level will create amazing hype that could fuel Bitcoin to another all-time high.

Of course, time will always tell.

Until next time, be safe out there, and may the bull guide you well!

BULL MARKET BULLETIN 📌

Imagine Bitcoin Listed at 2 Cents! Users of the Revolut app reportedly received notifications on their phone that Bitcoin dropped to $0.02 . . .

The US CLARITY ACT to Rocket Cryptocurrency? Introduced in July of 2025, Senate Banking Committee Chair, Tim Scott, has confirmed voting begins this Thursday!

BULLISH OR BULLSH*T? 🤔

🤝 Your opinion matters (we promise)! Give us a rating below and tell us what rocked, what flopped, and what we should charge at next!