Bitcoin Consolidation Tests Resistance at $80K-$82K
Bitcoin has been consolidating around $77.3K after breaking decisively above the $67K resistance area in late August.
The broader structure has improved significantly, but BTC now faces an important resistance cluster near $80K-$82K.
A daily close above $82K would be significant, potentially opening the way toward the $90K mark or even higher.
However, the latest Coinbase Premium reading suggests that US spot demand has yet to fully confirm the recent advance.
The index measures the price difference between Bitcoin on Coinbase and other major exchanges, commonly used as a proxy for US-based spot buying pressure. Positive readings generally indicate stronger demand on Coinbase, while negative readings suggest weaker US spot demand.