In today’s BTC USD price forecast, Bitcoin holds steady above $80,000, a level that seemed distant just weeks ago, even as legendary short-seller Michael Burry delivers one of his strongest stock warnings in years. BTC USD price peaked at $82,040 in overnight trading before consolidating.
The question now is whether the broader macro storm gathering around oil prices and CPI data can shake the $80,000 support level. Perry, whose advocacy for subprime mortgages in 2008 made him a household name in contrarian circles, published a subreddit warning that the Nasdaq 100 trades at 43 times earnings, versus a fair value multiple he estimates is closer to 30 times.
Michael Burry, the investor made famous in The Big Short, warns that the Nasdaq 100 is headed for a major reversal after a “parabolic” rally that pushed technology valuations to unsustainable heights. https://t.co/RAW2B5Q0R3
– Bloomberg (@business) May 11, 2026
“Wall Street may be overstating the earnings of our fastest-growing, most valuable companies by more than 50%,” he wrote, pointing to the Philadelphia Semiconductor Index’s 70% rise from its lows in late March as a red flag.
Separately, Brent crude breached $105 a barrel after President Trump described the ceasefire agreement with Iran as hanging by a thread, pushing the 10-year Treasury yield to 4.42%. Bitcoin has weathered Iran-related oil shocks beforeAlthough the confluence of macro pressures this week is unusually intense.
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BTC USD Price Prediction: Can Bitcoin Clear $81,720 Resistance Before CPI Drops?
Bitcoin’s technical structure has improved significantly since mid-April. Analyst Ali Martinez pointed to the weekly MACD crossover on April 13 As the catalyst behind the move above $80,000 for the first time since January, a pattern that has historically preceded gains of 147% (October 2023), 75% (October 2024), and 35% in the most recent iteration, with Martinez projecting an eventual target of $100,000 on this basis.
The immediate resistance group is located at $81,720, which is observed to meet the 0.618 Fibonacci retracement level, followed by $83,000, where the 200-day SMA resides. The support layers below are meaningful: $72,000 as a base floor for Van de Poppe, then $70,065 and $64,920 as deeper anchors for the bullish structure.
The MACD (12,26) reads 76, indicating positive momentum, although the final oscillator at 39 and negative bull/bear strength at -384 suggest that short-term buying pressure is waning.
The expected bounce from support continued over the weekend, but yesterday’s price was rejected again at the recent highs and the 200 EMA.
After consistently recording higher highs and higher lows, this was the first lower high within the current trend.
With that in mind… https://t.co/m1AusC3Sto pic.twitter.com/LvaMnue7vG
— ctm_trader (@ctm_trader) May 12, 2026
There are three scenarios that look plausible in today’s CPI release:
Taurus condition: Weaker than expected inflation print weighs on fears of higher interest rates, and Bitcoin price closes above $81,720 in volume, opening the way to $85,000-$89,000.
Basic case: Consolidation continues between $79,000 and $83,000 as markets digest Burri’s warnings and await Fed comments.
bear case: The hot CPI number boosts the dollar further, breaking the $79,000 support. Institutional flows remain a key stabilizing factor. BlackRock’s IBIT hit $269.3 million in a single day last week, a five-week record, with total ETF inflows reaching $358.1 million.
Traders closely monitoring the $81,720 level will want to see a daily close above it before treating a rise as certain. Until then, the structure is constructive but not yet decisive.
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Daniel Francis is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel brings his background in cross-chain analytics to author evidence-based reports and detailed guides. It is certified by the Blockchain Council and is dedicated to providing “information gain” that cuts through the market noise to find blockchain’s real-world utility.
