Bitcoin Rebounds Above $81,000: Can Buyers Sustain Momentum?

Bitcoin (BTCUSD) is trading near $81,000 after recovering from recent weakness. Traders are watching to see if buyers can sustain the rebound.

The price of Bitcoin remains sensitive to Federal Reserve expectations and US dollar movements. A strong Nonfarm Payrolls (NFP) report could support the dollar and Treasury yields, potentially weighing on Bitcoin.

A move above $81,000 could improve short-term momentum and bring the $82,300 resistance area back into focus. However, a break below $80,700 could weaken the recovery attempt and expose the $79,500 support area.