Before breaking through 81.5K, there will be another bout of resistance from the bears. From a medium-term perspective, this rise signals that bearish momentum is gradually weakening and that bullish momentum has already kicked in, with a new major uptrend brewing.

81.5K is short-term resistance to the upside. To the downside, there should be another chance for a pullback to 78.6K—possibly the last move below 80K before takeoff.

$BTC