
Analyst: weekly close above 50-week average would confirm BTC bull market
- —BTC trades at $81,329, up 5% on the week
- —Key resistance is the $82,700–83,000 zone
- —On a breakdown, the Fibonacci target is around $61,500
- —Spot bitcoin ETFs drew $433 million on September 18
Why it matters: A weekly close above the 50-week average would separate a bullish reversal from a repeat of the January and May 2026 corrections.
Source: Finbold