Bitcoin Stuck Between $76K and $82K as Break Above $81.7K Looms

Bitcoin has shown resilience in recent weeks, rebounding by about 24% over two weeks to trade near $77,000. However, it remains stuck between $76,000 and $82,000, awaiting a decisive break above the 365-day moving average at $81,700. This level historically marks the start of sustained uptrends.

CryptoQuant highlights that overcoming overhead supply and resistance zones is crucial before higher prices become realistic. Specifically, long-term holders selling around $77,100, $80,200 must be absorbed.

Macro factors like inflation and Fed policy add uncertainty to the market, while institutional views suggest the worst may be over but confirmation of a lasting uptrend is still pending.