Bitcoin Tests $80K Resistance Ahead of Key Economic Data

Bitcoin's recent price action has placed it near the $78K region after retreating from its three-month high of $81,455.

The cryptoasset is approaching a crucial technical zone, with the $80,000-$81,000 range at the center of market attention.

Technical analyst Ash Crypto describes Bitcoin's weekly market structure as neutral, indicating neither buyers nor sellers currently hold clear control.

However, several momentum indicators have strengthened during the latest recovery, including a bullish MACD and improved RSI and stochastic RSI momentum.