Bitcoin: Reapproaches $80K-$82K Resistance Zone
Bitcoin at $79297.88 tests the $80K-$82K make-or-break area again after multiple rejections, with 4h chart showing EMA50 support at $75900 and neutral RSI.
SourceAnalysis
Bitcoin trades at $79297.88 and returns to the $80K-$82K resistance that rejected price multiple times in the past year.
Break and hold above $82K opens the next structure leg higher while another rejection risks exposing bulls to deeper pullbacks. BTC price prediction models now hinge on this exact level.
Price sits inside Bollinger Bands and presses the upper band resistance at $80092.56 while the EMA50 at $75900.86 continues to act as concrete support above the EMA200 at $69062.75; the neutral RSI at 60.04 leaves room for continuation before any healthy retracement, yet the MACD death cross at 781.62 signals fading momentum that could cap the advance.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.