Bitcoin Faces Pullback Risk After Touching $82.4K Resistance on May 14, CryptoQuant Says

According to CryptoQuant, Bitcoin faces pullback risk after touching the 200-day moving average at $82,400 on May 14, a level that previously acted as major resistance during the 2022 bear market. The report notes traders' unrealized profit ratio reached 17.7% on May 5, the highest level since June 2025, signaling potential profit-taking pressure.

Daily realized profits spiked to their highest since early December, with traders cashing out 14,600 BTC (approximately $1.2 billion) on May 4. CryptoQuant stated such profit-taking peaks typically precede local price tops in bear market rallies. Current support is around $70,000, the average price of all Bitcoin ever traded and historically a key resistance-turned-support level.