BTC Reclaimed 80K; Now It Needs a Close Above 81.48K

Pulling up the chart Friday morning, the 79.90K reclaim condition I was watching yesterday passed on both the 4-hour and daily closes.

So yesterday's bullish scenario is still alive, but the 4-hour candle that tagged 81.48K this morning is still in progress and price is back near 80K, so it's too early to call it a confirmed breakout.

On the weekly, price cleared the downtrend line connecting January's 97.92K and May's 82.38K last week, and this week it's testing 80.60K–81.13K for the first time — where the weekly MA50 and the November 2025 low sit.

The daily is above the rising-lows line connecting July's 57.80K and August's 62.54K, and the breakout structure above the weekly downtrend line on clearly above-average volume from August 19 to 21 remains intact.

That said, RSI and MFI are in overbought territory and yesterday's volume was slightly below the 20-day average, so a high intraday print alone isn't enough to confirm the move.

On the 4-hour, the rising support line connecting the August 23 low at 75.55K and the August 26 low at 77.63K is rising, while the 81.27K–81.48K highs from August 25 and today cap price, forming an ascending triangle candidate.

Only the two candles that reclaimed 79.90K yesterday saw above-average volume, and today's OBV still hasn't topped its August 25 high, so we should allow for the possibility that this is month-end options-expiry chop.

If the 4-hour closes above 81.48K with both volume and OBV expanding, that's a retest of 82.85K. A break below the rising support line, currently around 78.57K, kills the triangle candidate, and a drop into 77.12K–77.84K would mean the short-term uptrend has broken.