Bitcoin has recovered about 10% in the past month, briefly reclaiming $81,000 before correcting. The next major resistance lies between $83,000 and $85,000, near the 200-day moving average. A break above could open the path toward $89,000, $94,000, and eventually $100,000. The weekly MACD crossover on April 13 signaled bullish momentum, with historical precedents showing substantial rallies following similar signals. On-chain data supports the recovery: the Miners’ Position Index (MPI) dropped below -1.0 during February lows, indicating miner accumulation rather than selling, and remains below zero, suggesting subdued selling pressure. Bitcoin’s net realized profits recently hit $207.56 million as price surpassed $80,000, but this profit-taking was absorbed by strong demand, allowing the price to continue rising. A weekly close above $81,000 and a successful retest as support would strengthen the bullish case, targeting $86,000–$89,000.

Key facts

• Bitcoin reclaimed $81,000 but faces resistance at $83,000–$85,000 (200-day MA).
• Weekly MACD crossover on April 13 signaled bullish momentum, historically leading to large rallies.
• Miners’ Position Index remains below zero, indicating limited selling pressure.
• Net realized profits hit $207.56M above $80K, absorbed by strong demand.
• Key levels: support at $75K/$73K; targets at $89K/$94K/$100K if resistance breaks.

KeyAudit data perspective