Bitcoin's Price Stuck Between Support and Resistance at $80K

Bitcoin's price is currently stuck between support and resistance as it tests the $80K level.

The recent recovery has been impressive, but BTC still needs to clear the previous lower high to turn the higher-timeframe structure positive.

According to Crypto Patel on X, Bitcoin remains below the $80K-$83K bearish order block and needs to reclaim this supply zone with a confirmed bullish Change of Character (CHoCH) to make the higher-timeframe structure more positive.

The 4-hour chart shows that the price action becomes easier to follow, with BTC climbing from around $64,000 to $82,000 during the August breakout. The current price is around $76,400, almost directly around the 4-hour 9-EMA at $76,341.