Bitcoin Rebounds From $76K But Crucial Resistance Above $80K Remains
Bitcoin's price has rebounded from $76K, but it still faces significant resistance above $80K. The cryptocurrency broke above the $67K area and reclaimed the $72K zone, which had previously acted as resistance.
The short-term challenge is the $82K resistance zone, where recent swing highs are located. A daily close above this level would strengthen the recovery structure and potentially lead to a push toward the $95.6K resistance region.
Momentum has improved, but it's cooling rather than accelerating, according to the RSI indicator. The exchange whale ratio, which measures large transactions toward exchanges, is on the rise, adding a bearish signal to the otherwise constructive technical structure.