Bitcoin is building momentum above its short-term moving averages, with the 200-day SMA near $73,000 now coming into view. If $BTC clears that resistance, analysts see room for the recovery to extend toward $80,000–$85,000.
Bitcoin Eyes $73,000 as Bullish Momentum Builds
Bitcoin is showing signs of strengthening after closing above its short-term moving averages. Super฿ro noted that $BTC has reclaimed every exponential moving average from the five-day through the 50-day, suggesting buyers are gaining control after the recent recovery.
$BTC daily chart. Source: Super฿ro/X
The daily chart also shows bullish crosses among the shorter simple moving averages. The 10-day SMA has moved above the 20-day SMA, while Bitcoin is holding above both averages. This structure supports further upside, provided $BTC continues closing above the $63,000–$64,000 region.
However, the 200-day SMA near $72,800 remains the main obstacle. Before reaching it, Bitcoin may face resistance around $67,500–$70,500, where an unfilled fair value gap sits. A decisive breakout through this zone could open the path toward the 200-day SMA, while rejection may send $BTC back to retest its reclaimed moving averages.
Bitcoin Rally Could Extend Toward $85,000
Bitcoin could rally toward $80,000–$85,000 over the next two to three months, according to analyst Michaël van de Poppe. He identifies this range as the next major resistance zone following Bitcoin’s broader market downturn.
$BTC weekly chart. Source: Michaël van de Poppe/X
The target aligns with Bitcoin’s declining 50-week moving average. Van de Poppe noted that this indicator often acts as resistance during the first recovery rally after a bear market ends.
The weekly chart supports a rebound scenario, but Bitcoin must first reclaim its shorter weekly moving average and break the previous local high near $75,000. Failure to overcome these levels could delay the move toward the 50-week average and keep $BTC in a wider consolidation.
