Bitcoin has reached the $73,000 level, increasing the likelihood of entering the $86,000 to $90,000 range. Cointelegraph reported on Thursday that a decline in whale deposits to exchanges, accumulation by long-term holders and large spot buying have combined to make whether it breaks above $76,000 a near-term turning point.

Bitcoin tested the $72,000 level early this week, then moved in a $70,000 to $72,000 range for the past 4 days. On Friday it posted a weekly high of $73,255. Compared with March, it showed a more stable pattern at the same key price levels.

Technical indicators also signalled support. The 30-day volume-weighted average price and the 50-day moving average converged below the current price, forming a support base. The $76,000 level is the top of a sideways range that has lasted 64 days and sits where it meets a downward trendline formed after a peak near $126,000 on Oct. 12 last year. If it breaks above that zone, a barrier that has blocked rallies in recent months could weaken.

On-chain indicators pointed to around $80,000 as a key resistance zone. Glassnode set major resistance between the realised market average price of $78,000 and the $80,000 cost basis of short-term holders. It also identified a relatively low-resistance zone between $72,000 and $82,000.

By contrast, $82,000 to $85,000 was cited again as a heavy zone. Investors were estimated to have bought more than 1.3 million BTC in that price range. A cost-basis distribution heatmap also showed a clear accumulation zone between $78,000 and $84,000.

Sentiment on prediction market Polymarket is also tilting bullish. The probability that bitcoin reaches $80,000 in April was 26 percent, up 5 percentage points from 24 hours earlier. The chance of reaching $75,000 was higher at 76 percent. The probability of falling to $65,000 was lower than before.