Analysts say Bitcoin needs to surpass these price levels for a bull market to begin!

The technical outlook for Bitcoin has started to generate optimistic signals again. In recent analyses, the fact that Bitcoin’s long-term MACD histogram has moved back into the positive zone is considered a reliable buy signal in the market.

However, analysts emphasize that for this signal to translate into a strong and sustained bull market, Bitcoin needs to break through the critical resistance zone between $65,000 and $80,000.

According to the analysis, the positive turn in the long-term MACD histogram suggests that the recent recovery in Bitcoin may not be just a short-term reaction. It’s noted that this indicator has historically shown a relatively high accuracy rate, especially after the sharp pullback from its all-time high. Therefore, for technical investors, the current outlook stands out as a significant sign that the upside potential has not been completely exhausted.

However, the market’s real test lies in its ability to overcome the intense cluster of resistance ahead. Technical and derivatives-driven resistance levels accumulating between $65,000 and $80,000 could be decisive in determining whether Bitcoin enters a new bull trend. The first notable level within this range is the 50-day simple moving average, located at approximately $65,434.

Just above this is the previous peak of approximately $67,292. Further up is the 200-day moving average at approximately $71,147. Finally, the $80,000 level, where the highest open positions are concentrated in the options market, stands out as a significant threshold from both a psychological and technical perspective.

According to market experts, if Bitcoin can break through this resistance zone, the current recovery could evolve into a stronger bull cycle. Otherwise, the price struggling within this range may limit the uptrend for now. Therefore, investors are closely monitoring both momentum indicators like MACD and price reactions in the $65,000-$80,000 range.

*This is not investment advice.