Bitcoin is trying to hold its reclaimed Bull Market Support Band after last week’s breakout. At the same time, $BTC needs a move above $82,750 to confirm stronger upside momentum.
Bitcoin Retests Bull Market Support Band After Weekly Breakout
Bitcoin is retesting the Bull Market Support Band after moving above it last week, according to the $BTC weekly chart shared by Daan Crypto Trades.
The chart shows $BTC trading around the $81,000 area, close to the support band marked between roughly $75,900 and $79,000. This zone now matters because Bitcoin recently reclaimed it after spending several weeks below it.
Bitcoin Weekly Bull Market Support Band Chart. Source: Daan Crypto Trades on X
The Bull Market Support Band often acts as a key trend area during larger market cycles. When price holds above it, the broader bullish structure stays stronger. When price loses it, momentum can weaken again.
$BTC also remains above the weekly 200EMA near $68,800 and the weekly 200MA near $61,100. These longer term moving averages sit below the current price, which means Bitcoin still has deeper support zones if the retest fails.
For now, the main test is whether Bitcoin can hold the support band after the breakout. A weekly close above this zone would keep the recovery structure active and support another move higher.
However, if $BTC falls back below the band, the recent breakout would weaken. In that case, price could move back toward the weekly 200EMA area, where buyers previously stepped in during the correction.
Bitcoin Price Rebounds From Support as $82,750 Breakout Level Comes Into Focus
Bitcoin price reacted from the support area marked on the 4 hour chart shared by Man of Bitcoin and moved back toward the upper part of its short term range.
The chart shows $BTC bouncing after testing the orange support box near the $78,700 to $76,500 area. That reaction helped price recover toward the $81,000 zone.
Bitcoin 4 Hour Elliott Wave Roadmap Chart. Source: Man of Bitcoin on X
However, the chart marks $82,750 as the key breakout level. A move above that level would give the first sign that $BTC is following the orange roadmap shown on the chart.
If Bitcoin breaks above $82,750, the next upside levels sit near $86,580, $87,220, and $89,529. A stronger continuation could then bring the $94,600 to $95,180 zone into focus.
The wider bullish target on the chart sits near $97,990. That level appears near the top green resistance area and marks the upper target of the projected move.
However, $BTC still needs confirmation. If price fails below $82,750, the short term setup stays uncertain. In that case, Bitcoin could revisit the support zone near $78,779 and $77,851.
A deeper pullback would weaken the orange roadmap and bring the lower support area near $74,917 back into focus.
