Bitcoin has reached its highest daily closing level in three months, following a powerful rally that has brought the cryptocurrency up to the doorstep of a major resistance zone near $80,470. According to data from CryptoAppsy, this surge in the BTCUSDT pair marks a rapid recovery from the lows seen back in February. Current price action signals a crucial turning point in the short term for the leading digital asset.
Movement at a critical resistance
Analysts note that there is ongoing pressure on Bitcoin’s main trendline and its Relative Strength Index (RSI). At the moment, the price is hovering just below an ascending resistance line. The RSI indicator stands at 66.91, approaching the red resistance zone widely recognized as a technical threshold at 70.
In recent days, Bitcoin’s price has climbed steadily from the $60,000 range to as high as $80,000. However, recent candlesticks have formed in a key area where trendlines and moving averages converge. Accordingly, despite the sharp move, no strong signal indicating confirmed bullish momentum has been established without further validation.
Elja emphasized that Bitcoin is still struggling to break above its RSI resistance. The chart they shared reveals that the RSI has repeatedly tested the same resistance zone without managing to move past it.
The fact that both price and the RSI are hitting significant resistance levels at the same time is seen as a critical factor in determining market direction. Many commentators suggest that an upside move will not be confirmed unless Bitcoin posts a clear daily close above both the resistance line in price and the current RSI level.
ETF investment and the upward drive
The past 48 hours have seen inflows exceeding $1 billion into Bitcoin spot ETF products. Such strong levels of investment point to robust demand and renewed capital entering the market. Experts highlight that increased ETF investments are a major indicator of continuous interest in Bitcoin.
Despite this, charts shared by Super฿ro indicate that Bitcoin has not yet managed a sustained breakout above its moving average and primary resistance levels. The 200-day moving average, located just above the resistance line, creates an additional technical hurdle. Until a daily close is established above these levels, bullish momentum remains unconfirmed.
Super฿ro stressed that Bitcoin has not yet decisively overcome its resistance trend. Their analysis suggests that in the upcoming period, the price could either target the mid-$80,000 range or retest the recently broken $78,000–$80,000 area.
Critical threshold for new price action
At this stage, Bitcoin’s trajectory appears to be leveling out in a recovery phase, with no clear breakout yet observed. The technical outlook indicates that a visible upward move in both price and RSI is required to confirm a further rise.
If the resistance line is breached, the next target comes into focus as the mid-$80,000 range. Should this resistance hold, however, Bitcoin’s price could revisit the $78,000–$80,000 zone. Analysts recommend closely monitoring these levels over the short term.
