🔥 Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar — Bitcoin failing to reclaim $80K as yen strength and Bessent comments directly hit BTC price action right now.
Bhai, the market has a completely different vibe today. Bitcoin is back at the $80K door, but the moment Bessent’s remarks fueled the yen’s strength, the dollar got pushed down, and BTC fell back and took breath near the $78,700 pivot. The yen is around 153 per dollar, and the global risk sentiment is such that when the yen strengthens, crypto gets shaken. Now we’ll see whether BTC holds its 24h low of $78,670—because this is now a line where a bounce could lift it toward the $79,580 resistance; otherwise, the path to the $77,620 support gets opened.
RSI is neutral at 46, meaning it’s neither overbought nor oversold—just a sideways play. MACD is still bearish, and the volume is also only half, so the rally looks weak. Personally, I feel that until there’s a solid close above $79,600, $80K is just a dream. The volume is so low that any big whale order can push the price sideways. On one side, it’s holding a bit above the EMA20, which reduces downward pressure, but there’s not much courage to move upward either.
Here’s what to watch: if the yen slips further from 153 down to 152 (yen weakens), then BTC will get a chance to rise toward $79.5K. And if the yen crosses 154, then the $77.6K support will be tested. Now you tell me—according to you, how long until $80K shows up again, or will we drop below $77K first? Comment your stance, because the market is currently standing at a crossroads!
#Trading #Binance #Bitcoin #Crypto #Forex
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Disclaimer: My personal analysis, not financial advice. DYOR.
Bhai, the market has a completely different vibe today. Bitcoin is back at the $80K door, but the moment Bessent’s remarks fueled the yen’s strength, the dollar got pushed down, and BTC fell back and took breath near the $78,700 pivot. The yen is around 153 per dollar, and the global risk sentiment is such that when the yen strengthens, crypto gets shaken. Now we’ll see whether BTC holds its 24h low of $78,670—because this is now a line where a bounce could lift it toward the $79,580 resistance; otherwise, the path to the $77,620 support gets opened.
RSI is neutral at 46, meaning it’s neither overbought nor oversold—just a sideways play. MACD is still bearish, and the volume is also only half, so the rally looks weak. Personally, I feel that until there’s a solid close above $79,600, $80K is just a dream. The volume is so low that any big whale order can push the price sideways. On one side, it’s holding a bit above the EMA20, which reduces downward pressure, but there’s not much courage to move upward either.
Here’s what to watch: if the yen slips further from 153 down to 152 (yen weakens), then BTC will get a chance to rise toward $79.5K. And if the yen crosses 154, then the $77.6K support will be tested. Now you tell me—according to you, how long until $80K shows up again, or will we drop below $77K first? Comment your stance, because the market is currently standing at a crossroads!
#Trading #Binance #Bitcoin #Crypto #Forex
--
Disclaimer: My personal analysis, not financial advice. DYOR.
