Bitcoin Weekly Close at $81,700 Seen as Key for Bullish Trend Confirmation

Bitcoin (BTC) has reclaimed $81,000 (approximately KRW 112.35 million), but analysts note that confirming a bull market shift requires an additional breakout above the weekly close threshold. The cryptocurrency dipped to $75,000 (around KRW 14.02 million) on Tuesday and Wednesday due to delays in the U.S. Senate's CLARITY Act and rate hikes by the Federal Reserve and Bank of Japan. It rebounded to surpass $81,000 on Friday, marking a two-week high.

CryptoPotato reported that Bitcoin maintained above $81,000 on Saturday, showing a different trend compared to previous attempts. However, analysts stress that confirmation hinges on closing above key levels rather than just intraday movements. Crypto Rover and CryptoGoos cited $81,000 as a short-term breakout target, with potential targets at $100,000 (KRW 138.7 million) and later $120,000 (KRW 166.44 million), though these are not guaranteed.

CryptoGoos highlighted the 50-week moving average at approximately $81,700 (KRW 113.32 million), suggesting a close above this level would signal a trend shift. The $80,000 and $81,000 levels alone are insufficient; Bitcoin must surpass the resistance near $82,000 (KRW 113.73 million) to confirm sustained momentum. The 365-day moving average also aligns around $82,000, amplifying technical significance.

EGRAG CRYPTO proposed a higher benchmark: closing above the 100-period exponential moving average (EMA) at roughly $90,000 (KRW 124.83 million), which would indicate a broader bullish structure. Analysts emphasized that weekly or daily closes—not just intraday breaks—are critical for confirmation. The next key points to watch are surpassing the $82,000 resistance and testing the $90,000 level after confirming the shorter-term targets.