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Bitcoin jumps above $81,000, eyeing $95,000 target after breaking key resistance and 50-week moving average

Technical Signals
04 Sep 2026
Coinpaper
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Bullish
Bitcoin jumps above $81,000, eyeing $95,000 target after breaking key resistance and 50-week moving average

Bitcoin surged past $81,000, gaining nearly 6% in 24 hours as it broke out of a consolidation pattern and reclaimed its 50-week moving average. This breakout forms a bullish flag pattern, suggesting potential further gains toward $90,000 and a conservative target of $95,000, with $102,000 as a more aggressive goal. The key resistance zone around $82,000-$83,000 remains a critical test; holding above this and the 50-week average near $80,366 is essential to sustain the rally. Failure to maintain these levels could lead to a retracement, but a sustained move above resistance would strengthen the case for continued upward momentum.

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