Bitcoin Blasts Past $81K: What's Next for Crypto Markets?

Bitcoin broke through the $81,000 barrier yesterday, rising to an intraday high of $81,098.53 and marking a gain of 4.8% over the past 24 hours.

This surge pushed Bitcoin's price above resistance near the 50-week moving average that analysts had been closely watching in recent sessions.

Although the weekly candle had not yet closed at the time of writing, this move is seen as a positive sign for further gains, with some analysts looking to the $82,000 to $83,000 range as the next level to watch.

However, if Bitcoin stalls in this zone, it could form a bearish divergence, indicating weak buying momentum and potentially leading to a sharper pullback to around $70,000.