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 $94,000 Technical analyst Ali Martinez 
pointed to this momentum in a recent post on X (formerly Twitter), arguing 
that Bitcoin continues to show “structural strength.” Martinez referenced a 
bullish Moving Average Convergence Divergence (MACD) crossover on Bitcoin’s 
weekly chart that occurred on April 13. Since that weekly signal appeared, BTC 
has gained roughly 15% in a relatively steady grind, reinforcing the idea that 
the trend may be shifting rather than just bouncing randomly. Related Reading: 
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In What makes the weekly Bitcoin MACD crossover particularly notable is how it 
has behaved historically. According to Martinez’s recap of earlier instances, 
the same kind of crossover preceded major multi-month rallies in prior cycles. 
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. Even with the broader bullish backdrop, the near-term 
chart still presents a key test. Martinez highlighted that Bitcoin is moving 
into the vicinity of the 200-day simple moving average (200SMA), currently 
around $83,000. 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 Reclaimed 
Adding 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). Daodu noted that whenever Bitcoin 
reclaimed this band after spending an extended period below it, the market 
tended to follow with strong rallies—often reaching 50% or more within a few 
months. 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. Related Reading: 
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Names Like Ripple Still, even with bullish signals lining up, the situation is 
not considered settled. The reports emphasize that Bitcoin needs to reclaim 
and hold above these levels to maintain the momentum. 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

Bitcoin Watch: A Daily Close Above This Key Level Could Push BTC Toward $94,000

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Bitcoin Watch: A Daily Close Above This Key Level Could Push BTC Toward $94,000

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