Crypto
Bitcoin Bulls Eye Major Resistance as 42% Rally Continues
Bitcoin has staged an impressive recovery from its yearly low, with a 42% surge pushing it toward key resistance zones. The advance is further supported by improving regulatory sentiment following the SEC's new framework for tokenized securities.
The rally exhausted into the September open at 82,193-83,916, which marks the convergence of several significant technical levels. These include the May high-week close (HWC), the 2025 low-week close (LWC), and the 38.2% retracement of the decline off the record high.
On the daily chart, a closer look shows that the September range is just below near-term resistance at the May high-day close (HDC) / high close at 81,447-82,193. A breach above this zone exposes key resistance at 83,712/916.