Bitcoin pushed 4.8% higher to $81,098.53, clearing the 50-week moving average that had held price below $80,000. The weekly close will confirm the breakout, with $82,000-$83,000 the next hurdle and $90,000 the upside target if momentum holds.
Bitcoin pushed 4.8% higher to $81,098.53, clearing the 50-week moving average that had held price below $80,000. The weekly close will confirm the breakout, with $82,000-$83,000 the next hurdle and $90,000 the upside target if momentum holds.

Bitcoin rose 4.8% to $81,098.53, breaking above the 50-week moving average that had capped gains near $80,000 in recent sessions.
The move follows a stretch of uncertainty. As recently as a day earlier, the weekly chart showed signs of rejection near $80,000, with one trader describing the level as weak resistance at a critical point. Thursday's rally carried price above that zone, though the weekly candle had not yet closed at the time of writing, leaving confirmation of the breakout pending.
On the daily chart, Bitcoin had briefly broken out of its recent trading range before slipping back inside it — a pattern traders call a "busted pattern." Such moves can signal strong underlying momentum, but they only confirm a trend shift if price goes on to clear resistance and reach the pattern's upside target near $90,000.
The next test sits at $82,000 to $83,000. A clean break above that zone would support the case for continued gains. If Bitcoin stalls there instead, it could form a bearish divergence — a high price not matched by strong buying momentum — raising the risk of a sharper pullback, potentially back toward $70,000.
Some altcoins are showing similar chart patterns, which analysts have compared to early-stage setups seen in prior bull market cycles. Still, near-term price action remains uncertain, with the possibility of either a continued rally or a short-term reversal very much in play.
This article is for informational purposes only and does not constitute investment advice.