- Bitcoin climbed above $81,000 as rate hike fears eased and ETF demand strengthened.
- Spot Bitcoin ETFs recorded $730.9 million in net inflows, marking an eight-month high.
- Analysts identify $83,000 as key resistance, with $82,300 potentially separating bullish and bearish trends.
Bitcoin — BTC, has pushed above $81,000 as rate hike fears continue losing steam. BTC climbed 4.3% to $81,069 on Friday. The move extends a rebound that has reached three straight weeks. Strong ETF demand has added fresh fuel to the recovery. Investors now await another test above $82,000. Meanwhile, analysts see $83,000 as the next major resistance zone. A break above that level could strengthen Bitcoin’s bullish outlook.
Easing Rate Fears Give Bitcoin More Room
Bitcoin briefly climbed above $82,000 during the previous session. That marked the highest level seen in nearly four months. Friday’s move followed growing confidence around U.S. monetary policy. Federal Reserve Governor Christopher Waller helped drive that shift with recent comments. Waller told Reuters that he favors keeping rates steady. His view depends partly on cooling inflation data. His comments quickly pressured the U.S. Treasury yields lower.
Falling yields often improve conditions for riskier assets such as Bitcoin. Rate hike expectations also changed sharply after Waller’s remarks. CME FedWatch showed a 50.4% September hike probability. That figure previously stood above 60% earlier this week. Lower hike expectations have given crypto traders another reason to increase exposure. Bitcoin also cleared a major technical level during the rebound.
The moving average sat near $80,400 during the breakout. He described the move as a major technical breakout. The analyst now sees $83,000 as the next important resistance. A weekly close above the 50-day average could strengthen bullish sentiment. Such a move could also support expectations for a broader market recovery.
Regulatory Progress Adds Another Bullish Catalyst
Regulatory developments have also improved the broader crypto backdrop. SEC Chair Paul Atkins expects a Senate vote on the Clarity Act. The vote could take place on September 15. Atkins wants lawmakers to send the legislation to President Trump by month-end. The SEC also plans separate crypto legislation supporting the proposed framework.
Such developments could provide greater clarity across the digital asset industry. That prospect has helped strengthen sentiment around crypto-related investments. Bitcoin could benefit as institutional confidence improves. Crypto stocks have also joined the latest market rebound. Strategy, the largest corporate Bitcoin holder, gained nearly 18% Thursday.
The broader crypto equity sector also posted strong gains. Rising crypto stocks often reflect improving confidence across digital assets. Still, Bitcoin faces another important test around $82,300. CryptoQuant places the 365-day moving average near that level. Historically, that average has separated bullish and bearish market conditions. A sustained move above $82,300 could therefore carry significant technical weight.
