Bitcoin is facing a major test at $80,000.
This level holds one of the largest supply clusters, lining up with the average cost basis of ETF holders and the 50-week moving average. That makes $80K a key resistance zone where sellers could step in.
A clean breakout and hold above it would strengthen the bullish structure. If $BTC gets rejected, a pullback to lower support levels could follow before another attempt.
#BTC Price Analysis# #Macro Insights# #Crypto
This level holds one of the largest supply clusters, lining up with the average cost basis of ETF holders and the 50-week moving average. That makes $80K a key resistance zone where sellers could step in.
A clean breakout and hold above it would strengthen the bullish structure. If $BTC gets rejected, a pullback to lower support levels could follow before another attempt.
#BTC Price Analysis# #Macro Insights# #Crypto
