Bitcoin Consolidates Near $80K, $85K Resistance Zone a Key Hurdle

Bitcoin is trading near $80,000 after rallying to approximately $82,400 last week. The recent strength followed a decisive breakout above the $65,000-$65,050 resistance zone, which helped BTC regain $70,000 before extending its advance above $80,000.

The current consolidation could develop into a bullish continuation pattern, but buyers still need to overcome significant resistance before the next major move can be confirmed.

A confirmed breakout above $85,000 would strengthen the bullish structure and potentially shift attention toward $89,000 and eventually the psychological $100,000 level.