Bitcoin Stalls at $80K Resistance: Can It Break Through?

Bitcoin is nearing a critical resistance level of $80,000, a threshold that has repeatedly halted its price recovery in the past. To sustain a breakout and continue upward momentum, Bitcoin must surpass the $81,000 to $86,000 supply zone where sellers may emerge. If it clears this hurdle, the next major target for Bitcoin is $90,000.

However, institutional demand from Bitcoin ETFs has weakened recently, reducing support for a strong breakout. This development raises concerns about Bitcoin's ability to overcome resistance and maintain its upward trajectory.

The downside risk remains around $73,000 if Bitcoin fails to hold above $75,000. The current price of $77,669 is still below the critical resistance level, leaving investors wondering whether Bitcoin will be able to break through this barrier.