Bitcoin: Hits $80,000 First Time in 15 Weeks
Bitcoin reaches $80,000 for first time in 15 weeks, surging 28% in eight days and adding $350 billion to market cap as $BTC erases three months of losses.
SourceAnalysis
Bitcoin pierced $80,000 for the first time in nearly 15 weeks, climbing 28% over eight days and injecting $350 billion into its market cap while erasing three months of prior losses in a single week.
Price action now sits at $80617.63. With price testing upper Bollinger resistance at $79858.25 while RSI flashes overbought at 76.44, a healthy retracement to the 50-EMA support at $73392.33 seems probable before further continuation. The MACD death cross at 1881.22 signals potential momentum shift despite the bullish EMA structure holding above the 200-EMA at $67448.47.
Traders tracking BTC price prediction models and Bitcoin market cap growth now focus on whether this crypto market momentum sustains or pauses at the first support cluster.
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