#bitcoin
📉 Bitcoin at a Crossroads: Can the Market Hold the Critical $80K Level?
The leading cryptocurrency is under pressure once again following another failed attempt to break through the $87K resistance zone. The current test of the $80K mark will determine the fate of the local trend: will buyers manage to defend their positions, or are we headed for a deeper correction?
📊 Key Insights from Technical and On-Chain Analysis:
➡️ Daily Timeframe: $BTC remains within a broad ascending channel; however, a series of lower local highs since late September has significantly weakened momentum. If the channel's midline ($80K) fails to hold on the daily close, the next major demand zone lies in the $75K–$78K range, with the lower boundary near $73K serving as the bulls' final line of defense.
➡️ 4-Hour Chart: The price has broken below short-term ascending support and subsequently retested it from underneath. To regain the initiative, it is crucial for buyers to establish a position above $81K, paving the way for a move toward $84K and $87K. A drop below the $79K low would open the door for a deeper retest of the $75K level.
➡️ Miner Reserves: The 30-day EMA of miner reserves has been steadily declining (from ~2 million BTC in 2025 to ~1.19 million currently). The lack of any significant accumulation by miners adds a layer of caution to the market as it attempts to defend the $80K level.
📉 Bitcoin at a Crossroads: Can the Market Hold the Critical $80K Level?
The leading cryptocurrency is under pressure once again following another failed attempt to break through the $87K resistance zone. The current test of the $80K mark will determine the fate of the local trend: will buyers manage to defend their positions, or are we headed for a deeper correction?
📊 Key Insights from Technical and On-Chain Analysis:
➡️ Daily Timeframe: $BTC remains within a broad ascending channel; however, a series of lower local highs since late September has significantly weakened momentum. If the channel's midline ($80K) fails to hold on the daily close, the next major demand zone lies in the $75K–$78K range, with the lower boundary near $73K serving as the bulls' final line of defense.
➡️ 4-Hour Chart: The price has broken below short-term ascending support and subsequently retested it from underneath. To regain the initiative, it is crucial for buyers to establish a position above $81K, paving the way for a move toward $84K and $87K. A drop below the $79K low would open the door for a deeper retest of the $75K level.
➡️ Miner Reserves: The 30-day EMA of miner reserves has been steadily declining (from ~2 million BTC in 2025 to ~1.19 million currently). The lack of any significant accumulation by miners adds a layer of caution to the market as it attempts to defend the $80K level.
