#BTCBackAbove81000

Bitcoin has pushed back above the 81,000 level and the daily chart is showing the full weight of the move. The latest 24-hour gain sits near 3 percent, helped by expanded Treasury buybacks, a softer dollar, and more than 2.8 billion dollars in spot ETF net inflows across eight straight days. Those flows are the clearest fundamental tailwind on the board right now.
On the daily timeframe price closed at 79,838.9 after touching a high of 81,473.2. The 9-period MA sits at 78,087.8 and the 50-period MA is much lower at 66,804.7. Bollinger Bands stretch from 56,255.5 on the underside all the way to 84,729.6 on the top, with the middle band near 70,492.6. The upper band and the SRL resistance at 84,729.6 form the next major ceiling. Price is currently trading in the upper half of the band after a sharp vertical run from the August lows.
RSI is elevated at 79.87, which puts the market in overbought territory on the daily. That reading does not automatically kill the trend, but it does raise the odds of a pause or a deeper retest before any clean continuation. MACD remains firmly positive with the histogram still expanding, confirming that momentum has not yet rolled over.
The bullish case is a decisive daily close above the recent high and a sustained hold over 81,000. If ETF inflows stay positive and the dollar remains soft, the path of least resistance points toward a test of the 84,729 zone. In that scenario the 78,087–79,500 area becomes the first support band on any pullback, with the rising 50-period MA at 66,804 acting as deeper structural demand.
The bearish case starts with a failure to reclaim and hold 81,000 on a closing basis. A drop back under the 9-period MA at 78,087 would likely target the middle Bollinger Band near 70,492. A break of that level would open the door toward the 66,804 MA cluster. After such an aggressive run and with RSI already stretched, a multi-day digestion phase would be normal rather than surprising.
I am treating 81,000 as the short-term pivot and 84,729 as the next upside magnet. Until price either accepts above the recent high or loses the 78,000 zone with volume, size stays measured. The ETF flow streak is real and the Treasury activity adds another layer of demand, but the daily RSI is already warning that the easy part of the move may be behind us.
Are you adding on a clean break of the recent high, waiting for a retest of 78,000, or already trimming into strength? Share your levels.
‍#Bitcoin #ETFInflows $BTC