Analyst: Bitcoin price breaks through $81,000, analyst focuses on future market trends
2026-09-04 02:01:30
According to CoinMeta, the price of Bitcoin has risen by 4.8% in the past 24 hours, breaking through $81,098.53 and successfully surpassing the resistance level near the 50-week moving average that analysts have been watching. Although the weekly chart of Bitcoin showed rejection signals around $80,000 prior to this, the rebound on Thursday pushed the price above that area. Analysts point out that if Bitcoin can achieve a clean break within the range of $82,000 to $83,000, it will support the possibility of continued upward movement. Conversely, if it stagnates in that range, it may form a bearish divergence, increasing the risk of a pullback to $70,000. At the same time, some altcoins are also showing similar chart patterns, which analysts have compared to settings from earlier bull market cycles.
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Source:Coinpedia
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