Bitcoin Eyes $81K as Price Tests Key Technical Levels
Bitcoin's price action has been closely watched by traders as it tests key technical levels. According to trader CrypNuevo, Bitcoin tested the 4H 50-EMA at $77,396.22 and erased nearly the entire downside wick, maintaining the macro structure intact.
The move points to a potential target of $81K, which would close the prominent 1H upside wick and resolve a liquidity imbalance. BTC price prediction models and Bitcoin technical analysis both indicate this move as high-probability while crypto market structure remains above the 200-EMA at $71,047.93.
The 4H chart shows price inside the Bollinger band with upper resistance at $79,473.52 and lower support at $76,969.95; RSI at 54.1 indicates neutral momentum, while the MACD death cross signals short-term caution.