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Bitcoin moves to reclaim $80,000 as Jackson Hole, U.S. PCE and ETF flows come into focus

Bitcoin posted a weekly close above its 50-week exponential moving average for the first time since 2025, raising attention on whether the move marks more than a bear-market bounce. It rose as high as $79,550 last week and closed at $77,727 on Bitstamp. Traders cite around $80,000 as key resistance, while $68,000 to $73,000 is seen as support. Jackson Hole, U.S. PCE data and spot bitcoin ETF inflows are key near-term factors.