Bitcoin Bull Market Confirmed If BTC Closes the Week Above This Key Level: Analysts

Bitcoin has bounced strongly after a downturn driven by U.S. political setbacks, including the CLARITY Act failing to advance in the Senate, alongside Fed and BOJ rate hikes. After slipping to a three-week low of about $75,000 on Tuesday and Wednesday, BTC surged and reached over $81,000 on Friday, extending gains into Saturday. Analysts cited by the article point to $81,000 as the immediate breakout level, with a reclaim that could pave the way toward $100,000 and potentially $120,000. CryptoGoos highlights the 50-week moving average near $81,700 as the confirmation line, while other resistance is seen near the low-$82,000 range. A stricter bull-market trigger is pegged to a five-day close above $90,000 followed by a retest of a 100-period EMA.