Bitcoin Soars Past $81,148 But Faces Resistance Ahead

Bitcoin surged past $81,148 in early trade on August 28 before easing off some of its gains. The cryptocurrency is up 6.36 percent for the week and holds a market dominance of 59.8 percent.

Nischal Shetty, Founder of WazirX, noted that Bitcoin's technical outlook remains broadly bullish with 13 out of 15 moving-average indicators showing a 'Buy' signal.

However, BTC is nearing a key $80K, $82K resistance zone where almost 8 percent of its supply was previously acquired. Around 5 percent of total supply sits near $80K alone, which could create additional resistance as investors sell to return to their entry price.