Bitcoin (BTC) has staged a notable 21% recovery over the thirty-day timeframe, pushing the largest cryptocurrency in the market above the $81,000 level for the first time since January. Now, BTC is approaching one key resistance, which—if surpassed with a daily close—could open the door to another leg higher.
Bitcoin Targets $89,000 And $94,000Technical analyst Ali Martinez pointed to this momentum in a recent post on X (formerly Twitter), arguing that Bitcoin continues to show “structural strength.”
The October 23, 2023 crossover was followed by a 147% rally. Another example on October 14, 2024 led to a 75% rise, while the May 5, 2025 crossover resulted in a 35% rally.
He described this area as the most important psychological and structural barrier on the daily chart. In his view, a clean daily close above this level could open the door to a macro expansion, first toward $89,000, with a secondary target near $94,000.
Bull Market Support Band ReclaimedAdding to the technical picture, market expert Sam Daodu also flagged a separate indicator involving Bitcoin’s Bull Market Support Band (currently at $79,000), which is built from the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).
Applying that pattern, the bullish path Daodu implied could take BTC toward approximately $121,000, which would still sit just below the all-time high region around $126,000 reached in October of last year.
It remains uncertain whether Bitcoin can continue pressing into resistance successfully, or whether the latest surge above $81,000 could be followed by another correction.
Featured image created with OpenArt, chart from TradingView.com
