Bitcoin Rebounds Above $80,000: Next Price Targets to Watch

Bitcoin has rebounded above $80,000 after bouncing from $74,800, according to recent data. Onchain analysis suggests that more BTC has remained unspent long enough to enter the long-term-holder cohort.

The current Fibonacci range runs from Bitcoin's August low near $62,600 to its September high around $82,300. This measurement places the 38.2% retracement near $74,800 and the 23.6% level around $77,700.

Bitcoin approached $74,800 on September 15 but recovered before the daily close. Price remained above that area during the following sessions before the September 18 advance carried BTC through $77,700 and toward $81,000.