Bitcoin Tests $80K Resistance as Bottom Structure Forms
Weekly closes above the 50-week average matter more than a single move, while a retreat toward $70K would still fit the 2023 bottoming pattern.
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Weekly closes above the 50-week average matter more than a single move, while a retreat toward $70K would still fit the 2023 bottoming pattern.
The case rests on time, not a vertical breakout: consolidation could let the 50-week average flatten while the 200-week average keeps rising.
The 200-day SMA at $69,005 is the key line: a sustained hold could validate a trend shift, while a decisive break below it would weaken the bullish case.
Bitcoin has just touched its 50-month moving average for the fourth time in its history, and each prior touch has…
The 200-week moving average has been tapped, but a confirmed break above the 200-day — now near $77.8K — is the historical signal that the bear is over.
The 200-day SMA at $82,455 and the 200-day EMA at $82,027 now form the same resistance band — a clean reclaim flips the long-term trend back to bullish, a rejection hands control back to the bears.