Bitcoin must clear $82,750 to confirm upside shift

Bitcoin is currently trying to hold its reclaimed Bull Market Support Band after last week’s breakout. At the same time, $BTC needs a move above $82,750 to signal stronger upward momentum.

Bitcoin Retests Key Support After Weekly Breakout

Bitcoin is retesting the Bull Market Support Band after moving above it last week, according to an analysis shared by crypto trader Daan Crypto Trades. The weekly chart shows $BTC trading around $81,000, close to the support band that spans roughly from $75,900 to $79,000. This zone matters now because Bitcoin recently reclaimed it after spending several weeks below it.

The Bull Market Support Band often acts as a crucial trend indicator during larger market cycles. When price holds above it, the broader bullish structure remains stronger. When price fails to sustain above, momentum can weaken again.

$BTC also remains above the weekly 200EMA near $68,800 and the weekly 200MA near $61,100. These longer-term moving averages sit below the current price, which gives Bitcoin additional support floors if the retest fails.

Right now, the main test is whether Bitcoin can hold the support band after the breakout. A weekly close above this zone would keep the recovery structure intact and support another move higher. However, if $BTC falls back below the band, the recent breakout weakens. In that case, price could slide toward the weekly 200EMA area, where buyers previously stepped in during the correction.

Short-Term Price Action Points to a Key Level

On the 4-hour chart shared by analyst Man of Bitcoin, Bitcoin reacted from a support area and moved back toward the upper part of its short-term range. The chart shows $BTC bouncing after testing the orange support box near the $78,700 to $76,500 area. That bounce helped price recover toward the $81,000 zone.

But the chart marks $82,750 as the key breakout level. A move above that would give the first sign that $BTC is following the projected orange roadmap. If Bitcoin breaks above $82,750, the next upside targets sit near $86,580, $87,220, and $89,529. A stronger continuation could then bring the $94,600 to $95,180 zone into focus. The wider bullish target sits near $97,990, which appears at the upper edge of the projected move.

On the downside, $BTC still needs confirmation. Price failing to break above $82,750 keeps the short-term setup uncertain. In that case, Bitcoin could revisit the support zone near $78,779 and $77,851. A deeper pullback would weaken the bullish roadmap and bring the lower support area near $74,917 back into play.

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