Analysts: bitcoin bull market confirmed by weekly close above $81,700
- —Bitcoin rebounded from a $75,000 low to $81,000, a two-week high
- —The key level is the 50-week moving average around $81,700
- —The $82,000 resistance zone is reinforced by the 365-day average
- —EGRAG CRYPTO requires a five-day close above $90,000 for confirmation
Why it matters: A hold above $81,700-$82,000 would confirm a reversal into a bull trend and open the path to $100,000, while a failure to break through risks another pullback.
Source: CryptoPotato