Bitcoin has climbed above the $80,000 level after an eight-day surge, marking a sharp turnaround in the crypto market. The next resistance is now seen near $81,000.

At the time of writing, Bitcoin was trading at $80,758, with 24-hour trading volume of $117.05 billion and a market capitalization of $1.61 trillion. BTC was up 4.66% over the previous 24 hours.

The move follows a gain of almost 28% over eight days, adding about $350 billion to Bitcoin’s market value. The rally has erased three months of losses in a single week. Moves of that speed are characteristic of Bitcoin’s historically high volatility, which has long exceeded that of established asset classes such as equities or gold.

Bitcoin Returns Above $80,000 After 14 Weeks

On August 25, crypto analyst Bull Theory said Bitcoin was trading back above $80,000 after 14 weeks away from that level.

The recovery marks a notable shift from the selling pressure seen in recent months. Bitcoin has now returned to price levels that had previously acted as both support and resistance.

The speed of the rebound has also stood out, with Bitcoin regaining most of its lost valuation in just a few days.

Rally Revives $100,000 Price Target

Another analyst, Zord, pointed to a previous swing long setup on Bitcoin that targeted $100,000.

According to Zord, the signal was posted on June 24, when Bitcoin was expected to move toward the six-figure level. He said the price respected that level and then began a strong bullish move.

$BTC No One Predicted The Bottom Exactly As I did in my Swing BTC Long Plan. (40% ✅) +$23,300 Move Done in This Swing Long. On June 24, I posted this chart with a target of $100k . At that point, People laughed at me for so. But BTC Didn't even go below my number. Not a… pic.twitter.com/Mw75wZNgbC — Zord (@ZordXBT) August 25, 2026

$BTC No One Predicted The Bottom Exactly As I did in my Swing BTC Long Plan. (40% ✅) +$23,300 Move Done in This Swing Long. On June 24, I posted this chart with a target of $100k . At that point, People laughed at me for so. But BTC Didn't even go below my number. Not a… pic.twitter.com/Mw75wZNgbC

The latest rally has revived discussion of whether Bitcoin could reach the six-figure range. That mark is a familiar one for the market: Bitcoin first traded above $100,000 in December 2024, making the six-figure level a previously tested milestone rather than uncharted territory, and it sits roughly 24% above the current price. Round-number levels such as $80,000 and $100,000 also tend to act as psychological reference points for traders, one reason they draw outsized attention when reclaimed or lost. Even so, several resistance levels still need to be cleared before that can happen.

Technical Indicators Show Continued Strength

Technical analysis of BTC also points to bullish momentum.

Bitcoin is trading around $80,750 on the cited chart and is approaching the upper Bollinger Band at $81,005.32. The middle band is at $68,300.65, while the lower band is at $55,595.99. Bollinger Bands, a volatility indicator developed by technical analyst John Bollinger in the early 1980s, plot envelope lines around a moving average, widening during turbulent stretches and narrowing in quiet ones.

Approaching the upper Bollinger Band is generally viewed as a sign of rising buying pressure. At the same time, trading near that level can also increase the chance of short-term corrections.

The MACD indicator adds to the bullish picture. The MACD, short for Moving Average Convergence Divergence, measures momentum by comparing two moving averages of price. The MACD line is at 3,881.55, above the signal line at 2,192.21, while the histogram is positive at 1,689.34.

What Could Happen Next

Bitcoin’s next major test is likely near $81,000, which is close to the upper Bollinger Band.

A convincing break above that level could strengthen the case for another move higher and put $100,000 back in focus. Before that, however, Bitcoin would need to hold above its newly regained support zone and clear additional resistance.

If momentum weakens and Bitcoin fails to make new highs, the middle Bollinger Band at $68,300 may become an important level to watch.

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