Markets· ★★★★· bullish·

Fidelity: Bitcoin needs weekly close above $82K to unlock $100K target

  • —Bitcoin has rallied 45% to $87K from July's low of $57.8K
  • —A weekly close above $82K would confirm a double bottom targeting $102K
  • —$82K matches the average cost basis of U.S. spot BTC ETFs
  • —Timmer set a $300K cycle target using the Power Law model
Why it matters: The $82K level is the average cost basis for ETF holders, so defending it decides whether BTC heads to $100K or $70K.
#BTC
Source: AMBCrypto
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