• bitcoinBitcoin (BTC) $ 110,889.00
  • ethereumEthereum (ETH) $ 2,634.38
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.41
  • bnbBNB (BNB) $ 681.41
  • solanaSolana (SOL) $ 178.04
  • usd-coinUSDC (USDC) $ 0.999764
  • dogecoinDogecoin (DOGE) $ 0.238969
  • cardanoCardano (ADA) $ 0.800621
  • tronTRON (TRX) $ 0.274650
  • staked-etherLido Staked Ether (STETH) $ 2,633.56
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,610.00
  • suiSui (SUI) $ 3.82
  • wrapped-stethWrapped stETH (WSTETH) $ 3,170.98
  • chainlinkChainlink (LINK) $ 16.58
  • hyperliquidHyperliquid (HYPE) $ 32.50
  • avalanche-2Avalanche (AVAX) $ 24.87
  • stellarStellar (XLM) $ 0.301455
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • bitcoin-cashBitcoin Cash (BCH) $ 438.42
  • hedera-hashgraphHedera (HBAR) $ 0.202816
  • leo-tokenLEO Token (LEO) $ 8.90
  • the-open-networkToncoin (TON) $ 3.15
  • litecoinLitecoin (LTC) $ 99.49
  • polkadotPolkadot (DOT) $ 4.90
  • wethWETH (WETH) $ 2,634.41
  • moneroMonero (XMR) $ 396.36
  • usdsUSDS (USDS) $ 0.999768
  • wrapped-eethWrapped eETH (WEETH) $ 2,812.50
  • bitget-tokenBitget Token (BGB) $ 5.22
  • pepePepe (PEPE) $ 0.000014
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998698
  • pi-networkPi Network (PI) $ 0.821678
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,905.00
  • whitebitWhiteBIT Coin (WBT) $ 31.79
  • bittensorBittensor (TAO) $ 465.62
  • aaveAave (AAVE) $ 255.02
  • uniswapUniswap (UNI) $ 6.33
  • nearNEAR Protocol (NEAR) $ 3.05
  • daiDai (DAI) $ 0.999873
  • aptosAptos (APT) $ 5.71
  • jito-staked-solJito Staked SOL (JITOSOL) $ 214.29
  • ondo-financeOndo (ONDO) $ 1.01
  • okbOKB (OKB) $ 52.64
  • kaspaKaspa (KAS) $ 0.115507
  • internet-computerInternet Computer (ICP) $ 5.63
  • crypto-com-chainCronos (CRO) $ 0.099949
  • ethereum-classicEthereum Classic (ETC) $ 19.60
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.07
  • official-trumpOfficial Trump (TRUMP) $ 14.38
  • render-tokenRender (RENDER) $ 5.12
  • gatechain-tokenGate (GT) $ 21.69
  • vechainVeChain (VET) $ 0.030273
  • mantleMantle (MNT) $ 0.760931
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • ethenaEthena (ENA) $ 0.409269
  • susdssUSDS (SUSDS) $ 1.05
  • cosmosCosmos Hub (ATOM) $ 5.17
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.878028
  • worldcoin-wldWorldcoin (WLD) $ 1.50
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.247975
  • usd1-wlfiUSD1 (USD1) $ 0.999648
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 109,341.00
  • arbitrumArbitrum (ARB) $ 0.423806
  • algorandAlgorand (ALGO) $ 0.238493
  • filecoinFilecoin (FIL) $ 3.06
  • fasttokenFasttoken (FTN) $ 4.41
  • celestiaCelestia (TIA) $ 2.80
  • bonkBonk (BONK) $ 0.000022
  • jupiter-exchange-solanaJupiter (JUP) $ 0.578947
  • sonic-3Sonic (prev. FTM) (S) $ 0.524111
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.68
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,632.77
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998583
  • binance-staked-solBinance Staked SOL (BNSOL) $ 187.42
  • blockstackStacks (STX) $ 1.00
  • fartcoinFartcoin (FARTCOIN) $ 1.52
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,755.26
  • kucoin-sharesKuCoin (KCS) $ 11.43
  • optimismOptimism (OP) $ 0.799105
  • injective-protocolInjective (INJ) $ 13.97
  • story-2Story (IP) $ 4.73
  • immutable-xImmutable (IMX) $ 0.706027
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.98
  • sei-networkSei (SEI) $ 0.241618
  • nexoNEXO (NEXO) $ 1.29
  • flare-networksFlare (FLR) $ 0.019421
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,995.19
  • usdt0USDT0 (USDT0) $ 0.999855
  • the-graphThe Graph (GRT) $ 0.120434
  • eosEOS (EOS) $ 0.752906
  • dogwifcoindogwifhat (WIF) $ 1.14
  • xdce-crowd-saleXDC Network (XDC) $ 0.071897
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,851.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.819477
  • makerMaker (MKR) $ 1,739.93
  • flokiFLOKI (FLOKI) $ 0.000108
  • raydiumRaydium (RAY) $ 3.34
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,807.98
  • msolMarinade Staked SOL (MSOL) $ 230.55
  • theta-tokenTheta Network (THETA) $ 0.960349
  • galaGALA (GALA) $ 0.020820
  • jasmycoinJasmyCoin (JASMY) $ 0.018951
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 197.53
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,690.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998773
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014193
  • paypal-usdPayPal USD (PYUSD) $ 0.999673
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,764.43
  • wbnbWrapped BNB (WBNB) $ 681.12
  • iotaIOTA (IOTA) $ 0.228315
  • clbtcclBTC (CLBTC) $ 111,367.00
  • lido-daoLido DAO (LDO) $ 0.956277
  • coredaoorgCore (CORE) $ 0.854279
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,758.98
  • the-sandboxThe Sandbox (SAND) $ 0.332975
  • tether-goldTether Gold (XAUT) $ 3,301.81
  • spx6900SPX6900 (SPX) $ 0.871656
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.48
  • zcashZcash (ZEC) $ 49.41
  • pax-goldPAX Gold (PAXG) $ 3,306.72
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.64
  • bitcoin-svBitcoin SV (BSV) $ 39.26
  • pyth-networkPyth Network (PYTH) $ 0.135287
  • based-brettBrett (BRETT) $ 0.077689
  • heliumHelium (HNT) $ 4.14
  • bittorrentBitTorrent (BTT) $ 0.00000076
  • thorchainTHORChain (RUNE) $ 2.12
  • walrus-2Walrus (WAL) $ 0.567798
  • pendlePendle (PENDLE) $ 4.55
  • kaiaKaia (KAIA) $ 0.121030
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,356.00
  • dexeDeXe (DEXE) $ 12.39
  • jito-governance-tokenJito (JTO) $ 2.08
  • flowFlow (FLOW) $ 0.431840
  • tezosTezos (XTZ) $ 0.651125
  • grassGrass (GRASS) $ 2.44
  • chain-2Onyxcoin (XCN) $ 0.019804
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999610
  • usual-usdUsual USD (USD0) $ 0.997344
  • decentralandDecentraland (MANA) $ 0.339759
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.04
  • ousgOUSG (OUSG) $ 111.15
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.238852
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,634.67
  • ketKet (KET) $ 0.577289
  • super-oethSuper OETH (SUPEROETH) $ 2,633.05
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 111,045.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.677242
  • apecoinApeCoin (APE) $ 0.694980
  • elrond-erd-2MultiversX (EGLD) $ 19.53
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009616
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,757.62
  • dydx-chaindYdX (DYDX) $ 0.705822
  • aioz-networkAIOZ Network (AIOZ) $ 0.463557
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,805.22
  • starknetStarknet (STRK) $ 0.173404
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.005346
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
  • arweaveArweave (AR) $ 7.93
  • mog-coinMog Coin (MOG) $ 0.000001
  • kaitoKAITO (KAITO) $ 2.12
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,634.53
  • popcatPopcat (POPCAT) $ 0.517473
  • tbtctBTC (TBTC) $ 110,568.00
  • axie-infinityAxie Infinity (AXS) $ 3.11
  • conflux-tokenConflux (CFX) $ 0.098847
  • deepDeepBook (DEEP) $ 0.198713
  • wormholeWormhole (W) $ 0.107897
  • true-usdTrueUSD (TUSD) $ 0.999240
  • neoNEO (NEO) $ 7.01
  • telcoinTelcoin (TEL) $ 0.005265
  • pumpbtcpumpBTC (PUMPBTC) $ 108,274.00
  • movementMovement (MOVE) $ 0.189211
  • roninRonin (RON) $ 0.731061
  • kavaKava (KAVA) $ 0.441650
  • ecasheCash (XEC) $ 0.000024
  • eigenlayerEigenlayer (EIGEN) $ 1.57
  • aethirAethir (ATH) $ 0.051026
  • morphoMorpho (MORPHO) $ 1.69
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999704
  • chilizChiliz (CHZ) $ 0.046652
  • beldexBeldex (BDX) $ 0.062706
  • apenftAPENFT (NFT) $ 0.00000045
  • akash-networkAkash Network (AKT) $ 1.63
  • ether-fiEther.fi (ETHFI) $ 1.34
  • plumePlume (PLUME) $ 0.177105
  • saros-financeSaros (SAROS) $ 0.163220
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,627.42
  • beam-2Beam (BEAM) $ 0.008121
  • syrupMaple Finance (SYRUP) $ 0.395807
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 38.23
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • compound-governance-tokenCompound (COMP) $ 44.77
  • amp-tokenAmp (AMP) $ 0.004784

Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

0 14

Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

Bitcoin’s price was rejected this week, showcasing the insufficient bullish momentum in the market.

Nevertheless, the asset faces a substantial support range at the $80K mark, which is expected to hold the price in the short term.

Technical Analysis

By Shayan

The Daily Chart

Bitcoin has recently experienced a notable rejection after briefly breaking above the 100-day MA, signaling a false breakout and insufficient bullish momentum. This failure to break through reinforces the prevailing bearish sentiment in the market.

Nevertheless, BTC is approaching a substantial support range, including the psychological $80K level and the 0.5 ($84K) – 0.618 ($78K) Fibonacci retracement zone. This crucial region is expected to act as a support zone, potentially leading to a new consolidation phase around the $80K mark.

Given these conditions, Bitcoin is likely to continue its decline toward $80K in the short term, where price action will determine the next significant move.

Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

The 4-Hour Chart

On the lower timeframe, Bitcoin encountered increased selling pressure at the upper boundary of its descending channel, leading to a strong rejection. The price is currently testing short-term support at $83K, aligning with a prior swing low. While some buying interest may emerge at this level, overall market conditions lack bullish momentum, and sellers remain dominant.

As a result, BTC is likely to break below $83K and move toward the channel’s mid-boundary at $80K, which is a critical inflection point. While it may support the price and initiate a consolidation phase, a breakdown below this level could trigger a deeper decline toward the $77K threshold.

Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

On-chain Analysis

By Shayan

Bitcoin’s interaction with the Realized Price of long-term holders’ UTXOs has historically been a key indicator of market direction, as it represents the average acquisition cost of these holders. Bear markets typically begin when the price drops below the realized price of the 6-12 month cohort, signaling losses and potential distribution by these big investors.

Currently, BTC is trading below the realized price of the 3-6 month cohort at $88K but remains above the 6-12 month cohort’s realized price of $62K. This suggests that while the market is undergoing a deep correction, it is too early to confirm the onset of a bear market.

Bitcoin is likely to continue its corrective retracement within this range until new demand enters the market. The $88K level remains a critical threshold, where a breakout above it could signal the start of a fresh uptrend.

Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

Source

Leave A Reply

Your email address will not be published.