Bitcoin Pushes Toward $80K as Bernstein Sees $300K in 2029
Bitcoin has been testing resistance near $80,000 after a sharp rebound from mid-August lows.
A recent surge saw Bitcoin climb toward $69,266 by August 19 and reach an intraday high near $81,200 on August 25 before sellers pushed it back below $77,000.
Crypto trader Crypto Patel noted the rejection at $81,300 as forming an inverted hammer pattern, which can indicate selling pressure after an advance.