Current Market Status (May 1, 2026)

Price: Approximately $78,658 (up ~3.3% in the last 24 hours).

Recent High: It hit a monthly high near $79,472 in late April.

Resistance: Heavy supply is concentrated between $78,000 and $80,000, where over 475,000 BTC were purchased at a similar cost basis, creating mechanical selling pressure as those holders look to break even.