Bitcoin’s price has recently caught the attention of everyday investors and curious onlookers alike, as it breaks significant levels that could hint at future trends. With a current trading price of $78.3k, Bitcoin appears to be moving out of the shadows of its past bearish cycles, and that shift matters because it could impact your investments and savings.

Bitcoin’s Recent Price Movement

Bitcoin has made headlines by closing above its 100-day moving average for the first time since the peak of the previous cycle. Such a breakthrough indicates a notable shift, suggesting that the days of steady declines may be behind us. The price has been moving parallel to a long-term descending channel that previously dictated its downward trend.

What makes this moment particularly intriguing is the accompanying strong technical indicators. The Relative Strength Index (RSI), a tool used to measure momentum, shows consistent bullish readings that indicate there may still be room for upward movement. However, this also means caution is warranted; while the market shows promise, it hasn’t reached overbought levels yet.

Investors are now focused on the $80k supply zone, which has consistently capped Bitcoin’s price since February. If Bitcoin can close above this level, it could open the path for new highs, potentially reaching up to the $90k mark.

Daily and 4-Hour Chart Analysis

If we take a closer look at the daily chart, Bitcoin has been tracking towards the upper boundary of a mid-term ascending channel. Having reclaimed the 100-day moving average, there is renewed optimism. The trading patterns show that the next test for Bitcoin will be the $80k zone, which has been a major hurdle.

On the 4-hour chart, the situation looks promising. Bitcoin broke above $75k and pulled back to retest that level, reinforcing the breakout. As it climbs towards the $79k mark, the RSI indicates a positive shift in momentum. If Bitcoin can maintain this trajectory and close above recent highs, it may soon test the $82k to $84k supply zone.

However, on the downside, the $75k threshold remains crucial. If Bitcoin were to dip below this mark, it could lead to renewed selling pressure.

Understanding On-Chain Analysis

A significant 64.2% of Bitcoin’s circulating supply is currently profitable, which reflects recovery since the lows earlier this year. Yet, the remaining 35.8% is underwater — meaning those holders have not yet recouped their initial investments. The majority of those losses happened between $80k and $125k during late 2025.

As Bitcoin approaches this price range, many holders will likely reconsider their positions, especially if they near breakeven. Historically, when the percentage of supply in profit crosses a certain threshold, it indicates less selling pressure from forced sellers. Currently, the 64.2% reading suggests that Bitcoin still has some way to go before this overhead pressure significantly eases.

If Bitcoin can manage to cross the $80k threshold, it might accelerate further upward, potentially leading to new levels that have historically led to strong price movements.

What this means for you

For those looking to invest in Bitcoin or cryptocurrencies, this moment could spell opportunities and challenges alike. Keep an eye on the price movements, especially around the $80k mark.

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Source: https://cryptonews.net/news/bitcoin/32800453/