Bitcoin: $80,000 Test Looms Ahead of Jackson Hole

Bitcoin faces its next key test at $80000 as the Jackson Hole meeting approaches, with price holding at $78340.1 amid mixed momentum signals.

Traders note the 4h structure remains bullish above EMA50 at $72349.1 and EMA200 at $66959.89, yet RSI at 70.86 flashes overbought while MACD registers a bearish death cross at 1831.38. Price sits inside the Bollinger band, pressing the upper resistance at $78483.97, suggesting a healthy retracement toward the 50-EMA support at $72349.1 could precede any sustained push higher. This setup aligns with standard BTC price action patterns ahead of major macro events.