$BTC Rejects Resistance — Is a Break Below $80K Coming Next?
Bitcoin started to move lower again after entering the Resistance Zone ($81,950-$82,960) and reacting negatively from a key trading level.
More importantly, the latest 1-hour candle closed below the key $81,650 level, increasing the probability that BTC could break the current support line and, this time, lose the 50_SMA(Daily) as well.
The 50_SMA(Daily) has repeatedly acted as an important Dynamic Support, so a confirmed breakdown would be a significant technical development.
If the current bearish structure continues, I expect Bitcoin to decline toward the Cumulative Long Liquidation Leverage ($80,430-$80,880).
A stronger bearish move could then bring the psychological $80,000 level back into focus.
Another important factor is the upcoming reopening of U.S. equity-index futures after the weekend.
If U.S. equities reopen under renewed selling pressure, Bitcoin could experience another increase in volatility and momentum.
For now, the 50_SMA(Daily) remains the main level to watch.
Hold the 50_SMA(Daily) → Another recovery remains possible
Confirmed breakdown → Risk of a move below $80,000 increases
What comes next for Bitcoin?
🟢 50_SMA(Daily) holds and BTC rebounds
🔴 Breakdown toward ($80,430-$80,880)
Bitcoin started to move lower again after entering the Resistance Zone ($81,950-$82,960) and reacting negatively from a key trading level.
More importantly, the latest 1-hour candle closed below the key $81,650 level, increasing the probability that BTC could break the current support line and, this time, lose the 50_SMA(Daily) as well.
The 50_SMA(Daily) has repeatedly acted as an important Dynamic Support, so a confirmed breakdown would be a significant technical development.
If the current bearish structure continues, I expect Bitcoin to decline toward the Cumulative Long Liquidation Leverage ($80,430-$80,880).
A stronger bearish move could then bring the psychological $80,000 level back into focus.
Another important factor is the upcoming reopening of U.S. equity-index futures after the weekend.
If U.S. equities reopen under renewed selling pressure, Bitcoin could experience another increase in volatility and momentum.
For now, the 50_SMA(Daily) remains the main level to watch.
Hold the 50_SMA(Daily) → Another recovery remains possible
Confirmed breakdown → Risk of a move below $80,000 increases
What comes next for Bitcoin?
🟢 50_SMA(Daily) holds and BTC rebounds
🔴 Breakdown toward ($80,430-$80,880)