Bitcoin Faces Critical Resistance Test at $80K
Bitcoin is facing an important resistance cluster near $80K-$82K after a powerful breakout from the $67K area.
The cryptocurrency's recent rally has carried it rapidly through the $72K-$74K zone, but US spot demand has yet to fully confirm the advance, according to the latest Coinbase Premium reading.
A significant structural recovery is visible on the daily chart, with Bitcoin building a broad base after falling to the $60K demand zone in June.
The breakout above the $67K resistance area in late August was decisive, and the subsequent rally has been strong.