Bitcoin is holding above the bull market support band, while traders watch the $82,000 area as the next key breakout level. A clean move above this resistance could strengthen the bullish setup and shift focus to the $86,582 Fibonacci target.
Bitcoin Holds Bull Market Support Band as Traders Watch $82K Level
Bitcoin closed the week above the bull market support band, keeping attention on whether buyers can hold the reclaimed zone and push through the next major moving average resistance.
The chart shared by Daan Crypto Trades shows Bitcoin moving back above the bull market support band after a sharp rebound from its recent lows. The band sits near the upper-$70,000 area, while $BTC now trades close to the next resistance zone around $82,000.
Bitcoin Bull Market Support Band. Source: Daan Crypto Trades on X
Daan Crypto Trades said the weekly close above the band was solid. He added that bulls need to sustain this area and clear the daily 200-day moving average and 200-day exponential moving average near $82,000 to confirm stronger continuation.
The bull market support band often acts as a key trend zone during larger Bitcoin cycles. When $BTC holds above it, traders usually view the structure as stronger. When price falls below it, the market often needs more time to rebuild momentum.
The chart also shows the weekly 200 EMA near $68,837 and the weekly 200 MA near $61,125. Bitcoin’s recent rebound held above both long-term averages, which keeps the wider structure stronger than it was during the March low.
However, the $82,000 area remains the main short-term test. A clean break above that level would show stronger buyer control and could support further upside. Until then, Bitcoin is still testing resistance after reclaiming the support band.
If $BTC fails to hold above the band, price could move back toward the high-$70,000 zone. A deeper pullback would put the weekly 200 EMA back in focus as the next major support area.
Bitcoin Tests 100% Fib Extension as Breakout Target Near $86,582 Comes Into Focus
Bitcoin is testing a key resistance area near the 100% Fibonacci extension, according to a chart shared by Man of Bitcoin. The setup shows $BTC reacting several times around this level, making it the main short-term barrier for further upside.
Bitcoin 100% Fib Extension Setup. Source: Man of Bitcoin on X
Man of Bitcoin said $BTC has reacted multiple times to the 100% Fib extension level. He added that a decisive break above this resistance would open the door to the next target at $86,582.
The chart shows Bitcoin moving inside a rising short-term structure after its rebound from the April low. Price has pushed into the upper part of the channel, but buyers still need a clear breakout above the marked resistance zone.
The $81,960 area appears as the 100% Fib extension level on the chart. Bitcoin has tested this region several times, but the move has not yet turned into a confirmed breakout. A clean move above it could shift attention to the 1.236 Fib extension near $86,582.
Above that, the chart marks higher extension levels near $89,529 and $94,621. However, the first major target remains $86,582 because it sits closest to the current breakout zone.
If Bitcoin fails to break above the 100% Fib extension, traders may watch the $78,180 level as nearby support. A deeper pullback could bring the $76,555 and $74,917 zones back into focus.
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