Bitcoin has regained the spotlight by breaking through the $81,000 level, overcoming previous resistance during its recent recovery. As this rally unfolds in the cryptocurrency market, analysts are now focused on whether Bitcoin can sustain this level and use it as support. Key factors shaping the coming period include weekly momentum indicators, miner behavior, and realized profit figures.
Critical technical levels in the short term
After consolidating above its 100-day moving average at $72,000 for several sessions, Bitcoin managed to surge past $81,000. This move has reinforced the overall price structure and kept BTC within an upward recovery channel.
Market data indicates Bitcoin continues to trade near the top of its most recent supply zone. The $80,000 level has served as the principal resistance in this rebound, with daily closing prices seen as the key to sustaining this advance.
On a weekly scale, Bitcoin has gained 5% over the last 7 days. Daily trading volume jumped by 22% to reach $45.67 billion, while its market capitalization was recorded at $1.61 trillion. According to CryptoAppsy, Bitcoin was trading around $81,000 at the time this report was prepared.
Analyst insights and technical outlook
Chart analysis points to the next major technical hurdle for Bitcoin at the 200-day moving average, which lies between $83,000 and $85,000. Analysts emphasize that if daily closes stay above this threshold, subsequent targets at $89,000 and $94,000 may come into play.
However, if Bitcoin fails to hold above $81,000, attention may shift to support levels at $75,000 and $73,000. The 100-day moving average at $72,000 remains a principal support zone in the event of a pullback.
Ali Charts highlighted how Bitcoin’s weekly MACD indicator gave a bullish crossover on April 13, after which the price climbed nearly 15%. He noted that this move, coming after a lengthy recovery period, appears to have ignited a new upward wave.
Ali Charts compared previous crossovers to the current scenario: following a similar bullish signal on October 23, 2023, BTC rose by 147%. After the October 14, 2024 crossover, it saw a 75% increase, and the May 5, 2025 signal led to a 35% rally.
Miner activity and on-chain signals
On-chain data shows that the Bitcoin Miner Position Index (MPI) dipped below minus 1 during February’s lows around $60,000; historically, this level has been associated with accumulation by miners.
This reading signaled that miners largely refrained from heavy selling at the weakest point of the market, often holding their coins and thereby supporting a price rebound.
While MPI has since recovered, it remains below zero, confirming that miner selling is not as intense as at previous peaks. As a result, miner-driven sell pressure has eased somewhat.
Looking ahead, analysts are monitoring whether the MPI rises above 0.5 as Bitcoin’s price climbs. A sustained uptick could mean miners are starting to sell more coins at higher prices to realize profits.
Realized profits and market reaction
According to on-chain data from Santiment, net realized profits surged to $207.56 million as Bitcoin broke above $80,000, setting a new record for this cycle. This suggests a significant number of investors are taking profits at elevated levels.
The realization of profits during price surges points to robust demand in the market, with current buyers absorbing newly sold supply. Notably, as Bitcoin climbed above $80,000, earlier investors who bought at lower prices decided to sell.
In summary, should Bitcoin maintain its position above $81,000 on a weekly close with a strong retest, attention could soon turn to the $86,000–$89,000 range and potentially to the landmark $100,000 milestone.
