Bitcoin Surges Past 90-Day SMA: Key Levels to Watch for an 80000.00 Target

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Source: Dukascopy Bank SA
BTC/USD has executed a decisive bullish breakout from its multi-month 61500.00; 64000.00 accumulation range, violently surging to 69845.00 and clearing the downward sloping 90 day SMA. This sharp impulse marks an immediate shift in short-term market structure, backed by a fresh bullish crossover and expanding green histogram bars on the MACD. The convergence of range resolution, dynamic moving average reclamation, and expanding momentum signals aggressive buyer conviction across the daily timeframe.



This technical setup provides strong justification to anticipate a short-term expansion toward the 80000.00; 82000.00 resistance zone, provided the market can establish acceptance above the immediate 70000.00; 72000.00 threshold.
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