{"id":1266547,"date":"2026-05-19T11:51:35","date_gmt":"2026-05-19T08:51:35","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1266547"},"modified":"2026-05-20T16:56:10","modified_gmt":"2026-05-20T13:56:10","slug":"crypto-corner-bitcoin-bulls-look-for-technical-support","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-bitcoin-bulls-look-for-technical-support\/","title":{"rendered":"Crypto Corner: Bitcoin Bulls Look for Technical Support"},"content":{"rendered":"

The Daily Breakdown takes a closer look at the world’s largest cryptocurrency — Bitcoin — as BTC approaches key technical support.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

\u26a1 Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Jupiter<\/a> and Kaito<\/a>.<\/span><\/p>\n

Jupiter (JUP): Trading near $0.19 with a market cap of roughly $650 million<\/b><\/h4>\n

Jupiter is one of Solana\u2019s leading DeFi platforms, best known for routing token swaps across multiple liquidity sources to help users find efficient pricing. JUP is the ecosystem\u2019s governance and utility token, used for staking, voting in the Jupiter DAO, and approving items like emissions, burns, and launchpad projects. It does not give holders equity or a direct share of swap fees. JUP has a fixed supply, originally 10 billion, later reduced through community-approved burns.\u00a0<\/span><\/p>\n

Kaito (KAITO): Trading near $0.45 with a market cap of roughly $110 million<\/b><\/h4>\n

Kaito is an AI-powered crypto search and research platform built to organize Web3\u2019s fragmented information layer. It indexes sources like X, Discord, on-chain data, research, and news, then makes them searchable through natural-language tools, dashboards, and AI interfaces. KAITO is used for governance, platform incentives, search-quality curation, and access to advanced features. Its supply is fixed, with a max total supply of 1 billion KAITO.<\/span><\/p>\n

Check out these crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>\u00a0JUP and KAITO are not currently available for NY users. <\/span>Learn more<\/span><\/a>. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Bitcoin<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 5\/19\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Notice how Bitcoin<\/a> rallied to the 200-day moving average (in red) but was rejected from this key measure. Now, bulls are hoping that the ~$75K area \u2014 which was previous resistance in March but support in April \u2014 is able to buoy BTC, alongside the rising 50-day moving average (in blue).\u00a0<\/span><\/p>\n

Options<\/b><\/h4>\n

For investors who can\u2019t trade or aren\u2019t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH<\/a>. On the BTC front, <\/span>IBIT<\/span><\/a> remains the largest ETF by assets, while also supporting options trading.\u00a0<\/span><\/p>\n

Bulls can utilize calls or call spreads to speculate on upside, while bears can use puts or puts spread to speculate on downside. In either case, investors may consider using adequate time until expiration.\u00a0<\/span><\/p>\n

For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

NOW
\n<\/b>ServiceNow<\/a> has been a poster child for the brutal selloff in software stocks. However, the stock has been rebounding lately, jumping almost 9% on Monday and gaining more than 18% over the past three sessions. In premarket trading, NOW is up another 5%. Software stocks more broadly have also been on the move, with the <\/span>IGV<\/span><\/a> ETF rising for a sixth straight week and hitting a multi-month high after yesterday\u2019s 1.2% gain. <\/span>Check out the chart for NOW<\/span><\/a>.\u00a0<\/span><\/p>\n

HD
\n<\/b>Home Depot<\/a> is in focus this morning after reporting first-quarter results that beat earnings and revenue expectations. The retailer said its core homeowner shopper remains resilient despite higher gas prices and falling consumer confidence, prompting it to reaffirm full-year guidance. That said, customers are still deferring larger renovation projects \u2014 something we discussed in our <\/span>recent Deep Dive<\/span><\/a>. <\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown takes a closer look at the world’s largest cryptocurrency — Bitcoin — as BTC approaches key technical support. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro account.…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1266547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: Bitcoin Bulls Look for Technical Support<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a closer look at the world's largest cryptocurrency -- Bitcoin -- as BTC approaches key technical support.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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