BTC at $81K is testing a wall. The 200-day moving average at $82,400 has historically been a resistance graveyard. The last time Bitcoin hit it from below was March 2022, right before the bear market collapse.
CryptoQuant is sounding the alarm: 14,600 BTC worth $1.2B cashed out in a single day last week. Unrealized profit margins are at their highest since June 2025. Classic sell pressure at a bear rally peak.
Macro is not helping. US PPI jumped 1.4% in April, the biggest monthly surge in 4 years. A Fed pivot is off the table for now.
$70K is the key support level to watch if this resistance holds.
Bull case: the Senate CLARITY Act vote this week could be the catalyst to break $90K. Arthur Hayes calls $126K a foregone conclusion.
Critical week ahead. #BTC #CryptoAnalysis