Potential Stumbling Blocks for Bitcoin's 13% Weekly Surge (BTC Price Analysis)

Bitcoin is inching its way back above crucial technical levels, though underlying on-chain and price structure indicate possible instability. From the daily and 4H chart perspectives, BTC is making attempts to reclaim the 200-day moving average around the $88,000 mark, indicating neutral momentum.

A successful breakout above this could lead to prices of $92K and beyond, but failure could result in a retest in the $80,000–$82,000 range. The 4H chart reveals a breakout above a long-standing descending trendline, although $86,000–$88,000 remains a significant supply zone. Bitcoin’s declining exchange reserves suggest a long-term accumulation trend, but also hint at increased short-term volatility due to decreased exchange liquidity.

The price recovery aligns with this decrease, suggesting that some larger investors may be buying in under $80K.