Bitcoin is pushing upward again, making another run at the 81,000 level. This price action is looking pretty resilient: despite facing resistance overhead, the market hasn’t seen a sharp pullback. Instead, after consolidating at high levels, it has launched another attack—suggesting strong buying support below, with the bulls repeatedly testing the limits of selling pressure above.
Repeatedly testing key round-number levels like this is often a sign that major players are testing the market, and can easily trigger a violent shakeout with sharp wicks. The cautious approach is to patiently wait for a pullback and watch the support zone around 80,600–80,700. As long as price pulls back and holds steady, that could be an opportunity to buy on weakness in the direction of the trend, with a stop below 80,500. If price decisively breaks above the previous high at 81,300, the upside will be wide open.$BTC $ETH $ZEC
Repeatedly testing key round-number levels like this is often a sign that major players are testing the market, and can easily trigger a violent shakeout with sharp wicks. The cautious approach is to patiently wait for a pullback and watch the support zone around 80,600–80,700. As long as price pulls back and holds steady, that could be an opportunity to buy on weakness in the direction of the trend, with a stop below 80,500. If price decisively breaks above the previous high at 81,300, the upside will be wide open.$BTC $ETH $ZEC
