Bitcoin Fails to Break Through $82,000 Resistance Again

Bitcoin has failed to break through its resistance level of $82,000 for the second time and is currently retracing.

Peter Brandt, a long-time Bitcoin holder, continues to hold his long position on BTC at $79,696.00, stating that it can quickly move out if needed.

Bitcoin has reached levels above $80,000 for the first time since May and experienced an approximately 28% increase in August.

The price range between $80,000 and $82,000 is still a critical area for short-term direction in the market.