Bitcoin is back above $81K: here's why $85K is the next crucial level

Bitcoin, Ethereum and XRP extended their recoveries on Monday after recording strong gains during the previous week. Bitcoin traded above $81,300 after rising more than 5% last week. Ethereum gained over 6% during the same period and moved above $2,600, while XRP held above the key $1.40 level following a weekly advance of more than 5%. Momentum indicators across the three cryptocurrencies point to an early bullish shift, suggesting buyers may attempt to push prices higher in the near term. The rally above $81,000 means that Bitcoin has now reclaimed the True Market Mean, an onchain development suggesting that the cryptocurrency may have returned to a bullish market regime.