Bitcoin is currently testing a critical support zone after reclaiming its Bull Market Support Band last week, according to the weekly chart shared by analyst Daan Crypto Trades. The cryptocurrency is trading around $81,000, hovering above the support band marked between roughly $75,900 and $79,000. This area is important because BTC spent several weeks below it before the recent breakout.
Weekly Support Structure
The Bull Market Support Band often indicates the broader trend during larger market cycles. When price stays above it, the bullish structure remains intact. When price falls below, momentum can weaken. Bitcoin also remains above the weekly 200EMA near $68,800 and the weekly 200MA near $61,100, providing deeper backup support if needed.
The main question now is whether Bitcoin can hold this band. A weekly close above it would keep the recovery structure active. But if BTC drops back below, the breakout weakens, and price might drift toward the weekly 200EMA area where buyers previously stepped in during corrections.
Shorter Term Setup
On the 4-hour chart from analyst Man of Bitcoin, BTC bounced after testing an orange support box near $78,700 to $76,500. That helped push price back toward $81,000. However, the chart marks $82,750 as the key breakout level. A move above that would give the first signal that BTC is following the projected roadmap.
If Bitcoin breaks above $82,750, the next upside targets sit near $86,580, $87,220, and $89,529. A stronger continuation could then bring the $94,600 to $95,180 zone into play. The wider bullish target near $97,990 appears as the upper goal of the projected move.
However, BTC still needs confirmation. If the price fails to clear $82,750, the short term outlook remains uncertain. Bitcoin could revisit support near $78,779 and $77,851. A deeper pullback would weaken the optimistic roadmap and bring the lower support area near $74,917 back into focus.
In short, the next few days will tell whether Bitcoin can maintain its bullish momentum or must regroup at lower levels. The $82,750 level is the immediate hurdle to watch.
