Bitcoin has moved above $80,000 and is holding above the 100-week exponential moving average, indicating a possible shift from bearish control to a long-term bullish structure. Total crypto market capitalization is approaching $2.70 trillion, while the MACD remains only marginally positive for buyers. However, MARA Holdings’ transfer of 1,650 BTC worth more than $132 million and $115 million in outflows from U.S. spot Bitcoin ETFs over 24 hours are creating significant selling pressure. A decline toward $60,000 remains possible if BTC loses support, while a move toward its $126,000 record high would require clearing the $90,000 supply zone. Holding above $80,000 will depend on buyers absorbing selling from miners and institutional investors.
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