Bitcoin Reclaims Bullish Momentum After $80K Pullback as Price Breaks Above 50- and 200-Day Moving Averages, Eyes Breakout of 52-Week High

Bitcoin has re-established its bullish structure after a retracement to the $80,000 zone, according to CryptoQuant analyst Axel on social media. The move appears to align with a market that has largely priced in the Fed’s third consecutive rate cut, a backdrop that could support further asset appreciation if Powell does not signal a hawkish surprise.

From the October peak to the present, Bitcoin has posted a steady uptrend over the last 14 days. A key technical signal is the 200-day moving average turning positive for the first time in a month, with the price crossing above both the 50-day and 200-day moving averages, confirming renewed momentum. The 52-week high forms a critical resistance level; a breakout above it would unlock additional upside.

Looking ahead, the market remains sensitive to macro cues and liquidity. Traders should monitor the moving-average cross and the 52-week resistance, while awaiting Powell’s remarks for policy readthrough. A confirmed breakout could improve the near-term risk-reward for BTC exposure.