BTC Bulls Face Crucial Resistance at $80K
Bitcoin has been consolidating around $80K after its sharp recovery from the $60K area. While the broader structure has improved, BTC ($78,812.00 · Live) is facing significant resistance near $80K-$82K. Momentum indicators suggest that the latest advance is losing strength.
The daily chart shows a clear structural improvement following the breakout from the $66K consolidation area. BTC has reclaimed both major moving averages, with the 200-day average around $70K and the 100-day average near $66K. A decisive daily close above $82K would likely strengthen the bullish case.
Conversely, rejection from the current zone could trigger a deeper retracement toward the $72K-$74K area, representing the first major daily support zone. Below that, the $66K region becomes particularly important as the last line of defense before the base of BTC’s recent rally.