BTC is fighting a technical battle as it trades just below two closely watched long-term trend indicators: the 200-day Simple Moving Average and the 200-day Exponential Moving Average. May 13, 2026, 10:25 a.m. 2 min readMake preferred on Bitcoin BTC$79,012.88 is fighting a key technical battle and is trading just below two closely watched long-term trend indicators: the 200-day Simple Moving Average (200SMA) at $82,455 and the 200-day Exponential Moving Average (200EMA) at $82,027, according to Glassnode data. The 200SMA calculates the average closing price across the last 200 days, weighting each day equally. The 200EMA uses the same 200-day window but places greater emphasis on more recent prices, making it slightly more responsive to current market conditions. Together, they form a confluence resistance zone around $82,000–$82,500 that bitcoin must convincingly reclaim to signal a recovery of its long-term uptrend.Bitcoin first lost the 200DMA in late November 2025, when the price rolled over from $108,000. A brief recovery attempt in January failed to reclaim the level around $97,000 and by early February 2026 bitcoin had fallen to $60,000. What gives bulls reason for cautious optimism is that bitcoin is holding above several significant cost basis levels, according to CheckonChain. The 128-day Moving Average sits at $75,700, representing the average price paid by buyers over that shorter timeframe and a level BTCX has successfully defended. The True Market Mean, currently at $78,200, reflects the average price of every bitcoin at the time it last moved onchain, essentially representing the aggregate cost basis of the entire active market. The Short-Term Holder Cost Basis at $78,400 tracks the average acquisition price of investors who bought within the last 155 days, a group historically prone to panic selling when underwater.Bitcoin trading above all three suggests the majority of recent buyers remain in profit, reducing sell pressure from forced liquidations or panic selling. The key zone to watch is whether bitcoin can flip the $82,000-$82,500 into support. Key Cost Basis Models (CheckonChain)More For YouElon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.What to know: SpaceX is reportedly accelerating plans for what could be the largest initial public offering on record, aiming to price the deal as early as June 11 and begin trading on Nasdaq around June 12.The company, which filed its S-1 in April, is seeking to raise about $75 billion at...Read full story