Bitcoin Price Analysis: BTC Fails at $81K Again – Is a Bigger Pullback Coming?
🚀 Bitcoin has broken out from a multi-week consolidation, currently trading near $79K, with a critical resistance level at $80K that could lead to a potential rise towards $95K if surpassed.
📉 The daily chart indicates a significant improvement in the medium-term structure, with key support zones established at $72K-$74K and $67K, while a bearish divergence in momentum suggests a possible need for consolidation before another breakout.
💡 The Coinbase Premium Index has rebounded to positive territory, indicating improved spot demand, but a drop back below zero while Bitcoin struggles at $80K could signal a potential short-term correction.
🚀 Bitcoin has broken out from a multi-week consolidation, currently trading near $79K, with a critical resistance level at $80K that could lead to a potential rise towards $95K if surpassed.
📉 The daily chart indicates a significant improvement in the medium-term structure, with key support zones established at $72K-$74K and $67K, while a bearish divergence in momentum suggests a possible need for consolidation before another breakout.
💡 The Coinbase Premium Index has rebounded to positive territory, indicating improved spot demand, but a drop back below zero while Bitcoin struggles at $80K could signal a potential short-term correction.