Bitcoin's $80K Test: A Make-or-Break Moment for $100K
Bitcoin briefly broke through $81,000 on August 25 but immediately hit technical resistance and hovered around $80K. This level has become significant for those looking to buy in before a potential surge to $100,000.
The chart pattern of Bitcoin's price movement is similar to the one seen during the market bottom in 2022. The cryptocurrency broke out of its downtrend, tested a previous high, pulled back to $20,000, and then started its upward momentum.
According to the fractal analysis by Ali Charts, the May 2026 high around $83,000 is expected to be the next resistance ceiling. A downward retracement could provide an opportunity for accumulation before the next leg higher. However, breaking past this level would be a challenging task due to several indicators showing strong resistance.
The UTXO Realized Price Distribution (URPD) indicates that nearly 975,000 BTC were acquired between $83,307 and $84,569, making it a supply hurdle to clear before the next major upside tick. Additionally, on-chain trader profit margins are currently at 25%, which often triggers rising sell pressure due to increased profit-taking.
Should sell pressure persist, the next major resistance lies between $76,996 and $78,258, followed by $63,111. These events could offer an optimal buy opportunity. On the other hand, closing above $80K consecutively on both daily and weekly charts would be a strong confirmation of bullish divergence.