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BTC Bitcoin breaks through key moving average as traders target resistance at US$83,000
Bitcoin successfully reaches the much-watched 50-week moving average, marking an important milestone. In intraday trading, its price soared to US$81,797, and then retreated slightly to stabilize around US$81,400. In the past 24 hours, the increase exceeded 5%, showing a strong performance.
Why is the 50-week moving average important?
Bitcoin was below this key moving average for most of last year, making this indicator particularly eye-catching today. Galaxy Research pointed out that investors are currently paying close attention to this number. The organization, known for its in-depth analysis of the digital asset market, emphasized the significance of breaking through this level.
Galaxy Research said the market has focused all its attention on the 50-week moving average.
Bitcoin experienced a sharp decline after breaking through US$124,000 at the end of 2025. This stage shows a gradually lower pattern of highs and lows, during which the 50-week simple moving average becomes an insurmountable resistance area.
This is not the first time Bitcoin has tried to break the benchmark-a similar effort occurred at the end of August. On August 25, Bitcoin rose to $81,265, but encountered resistance as it approached its 50-week moving average, which was approximately $81,085 at the time. The current upward momentum is accompanied by a stronger bullish daily candle chart, indicating that this week's close is crucial.
Are derivatives trading volumes climbing?
While prices rose, trading activity in the derivatives market increased simultaneously. CoinGlass data showed that Bitcoin futures trading volume soared to $84.74 billion in 24 hours, and the volume of open contracts increased to $57.86 billion.
This situation reflects the continued accumulation of highly leveraged positions in the market. In the past 24 hours, a total of $229.56 million in BTC positions were liquidated, of which short positions accounted for $214.81 million and long positions accounted for only $14.74 million.
The intraday high hit US$81,797 and eventually stabilized around US$81,400.
Futures trading volume reached US$84.74 billion in 24 hours.
A total of US$229.56 million of positions were liquidated, most of which were short positions.
If the bullish trend continues, the $82,000 to $83,000 range will be the next test of resistance. Technical analysts caution that the 50-week moving average often serves as a ceiling in downtrends, and weekly closing below this level is usually associated with the end of a bear market.
Historical data shows that the period when the weekly line continues to close above the 50-week moving average is often accompanied by easing selling pressure.
In order to judge the sustainability of recent gains, observers not only focus on intraday gains, but also pay attention to the position of the weekly close. The high leverage of derivatives markets means that volatility may remain significant in the future.
