Bitcoin Rebound Fizzles at $80K Resistance Amid Bearish Supply Signal
Bitcoin's price has rebounded from the $60K area and is currently trading above $78.5K, having broken above $67K and reclaimed the $72K resistance zone.
However, a bearish supply-side signal is emerging due to a significant rise in the exchange whale ratio, which could potentially cap a decisive breakout despite the otherwise constructive technical structure.
The daily chart shows a structural improvement following the recovery from the $60K support zone, with BTC now trading comfortably above both major moving averages.