Bitcoin approaches crucial resistance at $81.000

Bitcoin is up more than 3.9% in 24 hours and is trading around $80.700, putting the price almost exactly at the 50-week moving average. That level has rejected every weekly close since November 2025. At the same time, $730.8 million in new funds flowed into US spot Bitcoin ETFs yesterday. According to analyst Quinten François, a weekly close above $81.000 could herald a turning point.

Bitcoin is available at OKX and Bybit.

In brief:

• Bitcoin rises to $80.700 and is trading almost exactly at the 50-week moving average of $81.040.
• US spot Bitcoin ETFs recorded an inflow of $730.8 million yesterday.
• A weekly close above $81.000 and a breakout above $82.800 could open the path to $90.000, according to François.

Bitcoin touches its 50-week average

The 50-week moving average currently stands at $81.040, while the price is hovering around $80.718. That means Bitcoin is trading just 0.4% below that average. The same applies to the 350-day average, which sits at $80.995: the price is 0.3% below it.

A chart from Galaxy Research shows that this level has been holding back the recovery for months. Every weekly close since November 2025 has ended below this average, leaving the downtrend intact. Earlier, Bitcoin already failed in an attempt to break out of the range between $62.000 and $86.000.

ETF inflow provides an extra boost

The price rise comes alongside substantial inflows into Bitcoin ETFs. US spot ETFs received a net $730.8 million in new funds yesterday. That is a striking contrast with earlier news: after a day of outflows, Bitcoin ETFs raised just $101 million.

Renewed interest from institutional investors via ETFs is generally regarded as a sign of greater confidence in the market in the short term.

Breakout above $82.800 opens path to $90.000

Quinten François argues that a weekly close above $81.000 would already be a significant step. But the truly relevant level, in his view, lies slightly higher: a breakout above $82.800 would produce the first higher price high of the current bear market. In his analysis, that would reopen the path to $90.000.

For now, that scenario has not yet been confirmed. The price must first close above the critical level of $81.000 on a weekly basis before a trend change can be discussed.