Bitcoin once again stole the market’s attention as its price surged close to $80,000, recording its best monthly performance since April 2025.
At the time of writing, Bitcoin is at $78,406, down 0.08% since it opened early Thursday in Asian trading.
The latest data shows that almost all major indicators are now in favor of the upward momentum.
The Bitcoin positioning index, which combines various metrics such as buying flow, open interest, funding rates and balances on exchanges, has turned from negative to positive in just a few months.
At the same time, the significant increase in open interest reinforces the narrative that the market is currently flooded with new positions, especially in the derivatives market.
Although leverage had previously declined slightly, the re-inflow of capital shows that the market structure remains strong and not fragile.
From a technical perspective, Bitcoin has successfully broken through the downtrend line that has formed since the October 2025 peak.
More importantly, it has also returned above the 100-day moving average, a classic indicator that the trend is shifting from bearish to a healthier recovery phase.
However, the journey to higher levels is not without its challenges.
The zone around $81,000 is now a critical initial test.
If the price can hold above this level, it signals that buyers are willing to absorb selling pressure at higher prices.
Next, the $83,000 to $85,000 area is expected to be a profit-taking zone for short-term investors, which could temporarily slow the rally.
The real challenge lies in the $88,000 to $91,000 range, which is where a significant amount of Bitcoin has changed hands before.
Many investors who bought in this zone are now at breakeven or making a small profit, making this area a key decision point.
Meanwhile, the support zone between $72,000 and $75,000 remains an important bulwark in the event of a correction.
A break below this level could potentially trigger greater selling pressure, especially from medium-term investors who are starting to take losses.
