Bitcoin is trading at $77,914 as of Tuesday morning, down 0.85% and locked in consolidation following its late-August rally. The cryptocurrency faces immediate resistance around $80,000 while holding support at $75,338, but a significant technical signal is developing that could shift medium-term sentiment.
The 50-day exponential moving average is rising toward the 200-day EMA, potentially forming Bitcoin’s first golden cross since a bearish death cross emerged in November 2025. However, the faster average still sits 3.17% below the slower line, meaning the bullish crossover is not yet confirmed. Even if completed, a critical supply zone between $81,500 and $84,400 continues blocking further upside momentum toward the psychologically important $100,000 level.
This resistance zone, defined by November 2025 lows and May 2026 highs, has repeatedly capped recovery attempts. Analysts indicate a daily close above $84,400 is required before targeting $98,068 and six-figure prices.
FXnCO Insight
Monitor the $84,400 resistance level closely—a confirmed daily close above this threshold would validate extension toward $100,000 regardless of moving average configurations.
Source: Finance Magnates