In today’s BTC USD price prediction, Bitcoin holds above $80,000, a level that seemed distant just a few weeks ago, even as legendary short seller Michael Burry issues one of his harshest stock market warnings in years. BTC USD peaked at $82,040 in overnight trading before consolidating.
And now the question is whether the broader macroeconomic storm around oil prices and CPI data can shake this $80,000 support level. Burry, whose call on subprimes in 2008 made him a household name in contrarian circles, issued a Substack warning that the Nasdaq 100 trades at 43 times earnings, compared to a fair value multiple he believes is closer to 30x.
Michael Burry, the investor made famous by The Big Short, warns that the Nasdaq 100 index is heading for a dramatic reversal after a “parabolic” surge that pushed tech valuations to unsustainable heights.
– Bloomberg (@business) May 11, 2026
“Wall Street may be overestimating the earnings of our fastest growing and most valuable companies by more than 50%,” he wrote, citing as a warning sign the +70% rise in the Philadelphia Semiconductor Index from late March lows.
Separately, Brent crude rose above $105 a barrel after President Trump called the ceasefire deal with Iran hanging by a thread, pushing the 10-year Treasury yield to 4.42%. Bitcoin has weathered Iran-related oil shocks before, although the confluence of macroeconomic pressures this week is unusually dense.
(SOURCE: Business Economics)
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BTC USD Price Prediction: Can Bitcoin Break $81,720 Resistance Before CPI Arrives?
The technical structure of Bitcoin has improved significantly since mid-April. Analyst Ali Martinez pointed to a weekly MACD crossover on April 13 as the catalyst for surpassing $80,000 for the first time since January, a trend that has historically preceded gains of 147% (October 2023), 75% (October 2024), and 35% during the latest iteration of the cycle, with Martinez projecting an eventual target of $100,000 based on that.
The immediate resistance group lies at $81,720, which is noted to be confluent with the 0.618 Fibonacci retracement level, followed by $83,000, where the 200-day simple moving average resides. The support layer below is significant: $72,000 as the main van de Poppe floor, then $70,065 and $64,920 as deeper anchors of the bullish structure.
The MACD (12.26) reads 76, indicating positive momentum, although the ultimate oscillator at 39 and negative bull/bear strength at -384 suggest near-term buying pressure is fading.
The expected rebound from support continued over the weekend, but yesterday’s price was once again rejected at recent highs and the 200 EMA.
After printing continuously higher highs and lower lows, this was the first lower high of the current trend.
Keeping this in mind… pic.twitter.com/LvaMnue7vG
– ctm_trader (@ctm_trader) May 12, 2026
Three scenarios seem plausible in the current CPI publication:
Case of the bull: lower-than-expected inflation dampens rate hike fears, Bitcoin closes above $81,720 in volume and the path to $85,000 – $89,000 opens.
Base case: consolidation between $79,000 and $83,000 persists as markets digest Burry’s warnings and await comments from the Fed.
Bear case: A hot CPI reading further strengthens the dollar, breaking $79,000 support. Institutional flows remain a key stabilizer. BlackRock’s IBIT recorded $269.3 million in a single day last week, a five-week high, with total ETF inflows reaching $358.1 million.
Traders closely watching the $81,720 level will want to see a daily close above this level before considering the rally confirmed. In the meantime, the structure is constructive but not yet decisive.
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This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are very volatile. Always do your own research before investing.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. Hailing from crypto since 2017, Daniel leverages his experience in on-chain analytics to write evidence-based reports and in-depth guides. He holds certifications from the Blockchain Council and is dedicated to providing “insight gain” that overcomes market hype to find real utility for blockchain.
