BTCUSD – bulls regain control and eye psychological 80K barrier

Bitcoin remains on front foot for the second consecutive session and accelerates gains on Friday, to crack Fibo barrier at 78875 (50% of 97946/59805 descend), which guards recent double top (79500 zone) and psychological 80000 barrier.

Weaker dollar and renewed risk appetite after the latest hawkish holds by a number of major central banks (Fed is likely to be dissonant and keep rates unchanged though 2026, despite hawkish rhetoric on Wednesday) provided fresh support to bitcoin.

Technical picture on daily chart is bullishly aligned with ascending and diverging Tenkan/Kijun-sen after the recent bull cross and climbing and thickening daily cloud supporting the notion, although with caution on approach to 80K, as 14-d momentum moves in a sideways mode near the centreline, that warns of potential headwinds.

Sustained break of 80K would signal bullish continuation after a short pause and expose targets at 83376 (Fibo 61.8%) and 84305 (falling 200DMA).

Conversely, repeated failure at 80K zone would keep the price in extended consolidation, with initial support at 77089 (10DMA) and 76117 (20DMA), above which to keep bullish bias.

Res: 78875; 79500; 80000; 83376
Sup: 77089; 76117; 74875; 74021