Bitcoin Consolidation Continues as Buyers Struggle Above $80K

Bitcoin's post-breakout consolidation phase continues, but recent rejection from the upper end of its structure indicates buyers are struggling to maintain momentum above $80K.

The asset's daily chart shows a significantly stronger trend than before the August breakout, with BTC holding above both moving averages and the former $72K-$74.5K resistance zone.

However, repeated selling pressure within the $80.5K-$82.5K resistance zone has pushed prices back below $80K, suggesting supply remains active at higher levels.

The asset trades within a gradually ascending channel, with its lower boundary around the $76K-$77K region serving as crucial support.