Key Insights:
- Bitcoin price is showing strength following a strong weekly close, eyeing the next breakout past $83,000.
- Bitcoin is up 36.7% in Q3 2026, potentially its strongest quarter since Q4 2024.
- Crypto Patel’s 364-day cycle analysis points to a potential $370,000 BTC price target if the historical pattern repeats.
Following a robust surge last weekend, the price of Bitcoin has maintained momentum, staying comfortably above $81,500. Adding to the bullish signals, BTC successfully closed above its 50-week moving average (MA), establishing a positive outlook for future gains. Market observers are now anticipating a decisive breakout past $83,000 to confirm a full bull trend.
Bitcoin Price Weekly Close Hits 4-Month Highs
Bitcoin registered its highest weekly close in four months, successfully reclaiming the 50-week moving average for the initial time since November 2025. Alex Thorn of Galaxy Research pointed out that historical figures indicate this milestone heavily confirms the bear market bottom is behind us. This development accompanies a 29% price increase for Bitcoin over the past 35 days.
Analyst Daan Crypto Trades remarked that Bitcoin has cleanly pushed past the $80,000 mark and is nearing the ultimate liquidity cluster ahead of a test of May’s peaks.
The trader observed that the bulk of the liquidity residing between current values and that cluster has already been cleared out. Meanwhile, a separate liquidity cluster positioned underneath the onset of the recent rally remains irrelevant unless Bitcoin pulls back toward that region.
Daan singled out $83,000 as a pivotal threshold to monitor, explaining that a move above it could signal a structural shift in the market. He also characterized Bitcoin’s weekly candle as robust, noting that the price wick swept local liquidity to establish support prior to engulfing the previous week’s candle. Moving into next week, Daan asserts that Bitcoin must press higher and surpass $83,000 to flip the weekly market structure into bullish territory.
Bitcoin Price To End Q3 on A Strong Note
Thus far in Q3 2026, Bitcoin has advanced by 36.7%, placing the asset on course for its most impressive quarterly performance since Q4 2024.
This upward movement arrives after the year opened with two straight negative quarters, showcasing a dramatic turnaround in momentum for Bitcoin through the third quarter.
Analyst Mark Harvey noted that Bitcoin’s power law model forecasts a midpoint goal of $457,000 for BTC over the course of the next four years. Harvey stated that achieving this midpoint inside a four-year window would represent a compound annual growth rate (CAGR) of 54%.
This 364-Day Cycle Shows Bitcoin Price Eyeing $370K Next
Cryptocurrency strategist Crypto Patel stated that Bitcoin is tracking a recurring cyclical pattern capable of driving a substantial price rally. Backtesting insights revealed that identical 364-day intervals occurred between the 2017 all-time high and the 2018 bear market low, as well as between the 2021 peak and the 2022 bottom.
According to Crypto Patel, the duration from the 2025 all-time high down to the 2026 low similarly spans roughly 364 days, leading him to anticipate a repetition of the cycle.
Bitcoin is presently re-engaging with long-term trendline support after slipping below the vital EC zone. Crypto Patel indicated that if historical behavior holds true, the subsequent major market expansion could set its sights on $370,000.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk, and past performance does not guarantee future results. Readers should conduct their own research before making investment decisions.