BTC Breaks Above 100-Day MA โ Is $80K Next? ๐
Bitcoin is trading around $78.3K after achieving a major technical milestone: closing above its 100-day Moving Average for the first time since the cycle peak.
This breakout also confirms a move above the long-term descending channel that previously controlled the bearish trend.
๐ Key levels to watch:
โ Support: $75K (critical retest zone)
โ Resistance: $80K psychological + supply zone
๐ฏ Break above $80K could open a path toward $82Kโ$90K
Momentum remains bullish:
RSI is strong but not overbought
4H chart shows a clean breakout + successful retest
Price structure remains bullish above $75K
On-chain data shows only 64.2% of BTC supply is in profit, meaning heavy resistance may still exist between **$80Kโ$90
Bitcoin is trading around $78.3K after achieving a major technical milestone: closing above its 100-day Moving Average for the first time since the cycle peak.
This breakout also confirms a move above the long-term descending channel that previously controlled the bearish trend.
๐ Key levels to watch:
โ Support: $75K (critical retest zone)
โ Resistance: $80K psychological + supply zone
๐ฏ Break above $80K could open a path toward $82Kโ$90K
Momentum remains bullish:
RSI is strong but not overbought
4H chart shows a clean breakout + successful retest
Price structure remains bullish above $75K
On-chain data shows only 64.2% of BTC supply is in profit, meaning heavy resistance may still exist between **$80Kโ$90