Bitcoin Price Targets $82,814 After 50-Week Average Breakout
TLDR:Bitcoin price trades above the 50-week moving average near $81,041, placing the weekly close at the center of the technical outlook.A weekly close above $82,814 would create the first higher high of the decline and challenge the established bearish market structure.Bitcoin futures volume reached roughly $84.74 billion, while open interest climbed to about $57.86 billion during the price advance.BTC liquidations totaled approximately $229.56 million, including $214.81 million in shorts and only $14.74 million in longs. Bitcoin price trades above its closely watched 50-week moving average after a strong daily advance. BTC reached $81,797 before easing toward $81,400, leaving traders focused on the weekly close. The move places the $82,000 to $83,000 resistance zone within immediate reach. Scott Melker identifies $82,814 as the decisive level for the weekly structure. A close above that price would create Bitcoins first higher high since the decline began. It would also confirm strength above the long-term average. Bitcoin price therefore sits near a technical threshold that could challenge the sequence of lower highs and lower lows. That close now matters. bitcoin:native is back above the 50W MA. Will a weekly close above it happen this week? Bitcoin Price Firmly Retakes the 50-Week Moving Average Market analyst Ted Pillows has highlighted









