👀 #BTC is throwing punches at $80K — and getting bounced back every time
Zoom into the last two weeks and the story's clear: quiet chop in the low $63Ks (Aug 14–18), then a violent breakout Aug 19–21 that ripped price to $78K in three days on a short squeeze. Since then? Stuck chopping $77K–$80K, unable to close the gap.
📍 Where it stands:
📈 Trend: price above the 20, 50, and 200-day EMAs — bullish structure
🌡️ Momentum: daily RSI in the high-70s to low-80s depending on the tracker — deep overbought
🔴 Resistance: $80,000, then $82K–83K
🟢 Support: $77,000, then ~$75.5K. The 200-day EMA (~$71.9K) is what would actually break this structure if lost
⏳ 3 days left to the monthly close. A close above $80K would be the strongest monthly close this cycle. A rejection under $77K keeps us range-bound.
📌 (see pinned post for the golden cross + cycle context)
💬 Breakout or fakeout? Drop your level below 🤔👇
$BTC
Zoom into the last two weeks and the story's clear: quiet chop in the low $63Ks (Aug 14–18), then a violent breakout Aug 19–21 that ripped price to $78K in three days on a short squeeze. Since then? Stuck chopping $77K–$80K, unable to close the gap.
📍 Where it stands:
📈 Trend: price above the 20, 50, and 200-day EMAs — bullish structure
🌡️ Momentum: daily RSI in the high-70s to low-80s depending on the tracker — deep overbought
🔴 Resistance: $80,000, then $82K–83K
🟢 Support: $77,000, then ~$75.5K. The 200-day EMA (~$71.9K) is what would actually break this structure if lost
⏳ 3 days left to the monthly close. A close above $80K would be the strongest monthly close this cycle. A rejection under $77K keeps us range-bound.
📌 (see pinned post for the golden cross + cycle context)
💬 Breakout or fakeout? Drop your level below 🤔👇
$BTC
