Bitcoin Surges Past $80K, Bulls Eye New Price Targets

Bitcoin's price has surged past $80,000, reaching $80,677.39, up 2.7% in 24 hours and a significant 24% over the week.

The cryptocurrency cleared a key resistance zone between $76,638 and $79,845, which could pave the way for a rally towards $83,000 to $95,000, according to an expert who uses chart-based forecasting methods.

However, momentum indicators suggest that the bullish energy may be weakening, and a drop below $76,680 could lead to a decline towards support between $70,500 and $75,138.