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Bitcoin approaches $82,000 resistance after reaching $81,400

Bitcoin rose to an intraday high of $81,400 on Friday, nearing the low-$82,000 area that has capped recoveries since late August. Any weekend breakout would occur while crypto markets trade but US spot Bitcoin ETF shares remain closed.

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Bitcoin approaches $82,000 resistance after reaching $81,400

Bitcoin reached an intraday high of $81,400 on Friday, bringing the cryptocurrency close to the low-$82,000 area that has limited each recovery attempt since late August, according to CryptoSlate. The level represents the next major test for the market as trading moves into the weekend. US spot Bitcoin ETF shares stop trading when American markets close, while crypto markets remain open continuously. As a result, any attempt to move above the resistance zone during the next two days would take place without ETF share trading in the US. The report frames the weekend move as Bitcoin’s next key test after it navigated the Federal Reserve and the CLARITY developments. The source did not provide additional details on the Fed or CLARITY, nor confirm whether Bitcoin broke through the $82,000 area.

Source CryptoSlate Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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