• bitcoinBitcoin (BTC) $ 108,717.00
  • ethereumEthereum (ETH) $ 2,559.27
  • tetherTether (USDT) $ 0.999989
  • xrpXRP (XRP) $ 2.29
  • bnbBNB (BNB) $ 662.06
  • solanaSolana (SOL) $ 152.45
  • usd-coinUSDC (USDC) $ 0.999900
  • tronTRON (TRX) $ 0.287669
  • dogecoinDogecoin (DOGE) $ 0.171131
  • staked-etherLido Staked Ether (STETH) $ 2,560.17
  • cardanoCardano (ADA) $ 0.587025
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,683.00
  • hyperliquidHyperliquid (HYPE) $ 39.62
  • wrapped-stethWrapped stETH (WSTETH) $ 3,089.34
  • suiSui (SUI) $ 2.91
  • bitcoin-cashBitcoin Cash (BCH) $ 496.42
  • chainlinkChainlink (LINK) $ 13.55
  • leo-tokenLEO Token (LEO) $ 9.05
  • stellarStellar (XLM) $ 0.251342
  • avalanche-2Avalanche (AVAX) $ 18.15
  • usdsUSDS (USDS) $ 0.999852
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • the-open-networkToncoin (TON) $ 2.80
  • wrapped-eethWrapped eETH (WEETH) $ 2,743.94
  • hedera-hashgraphHedera (HBAR) $ 0.159069
  • wethWETH (WETH) $ 2,561.40
  • litecoinLitecoin (LTC) $ 87.19
  • whitebitWhiteBIT Coin (WBT) $ 44.77
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999776
  • moneroMonero (XMR) $ 319.81
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,773.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polkadotPolkadot (DOT) $ 3.38
  • bitget-tokenBitget Token (BGB) $ 4.34
  • uniswapUniswap (UNI) $ 7.39
  • aaveAave (AAVE) $ 287.59
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 0.999910
  • pi-networkPi Network (PI) $ 0.460220
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.54
  • bittensorBittensor (TAO) $ 323.85
  • aptosAptos (APT) $ 4.45
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 185.20
  • nearNEAR Protocol (NEAR) $ 2.17
  • internet-computerInternet Computer (ICP) $ 4.82
  • crypto-com-chainCronos (CRO) $ 0.081742
  • ethereum-classicEthereum Classic (ETC) $ 16.59
  • ondo-financeOndo (ONDO) $ 0.788789
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999428
  • kaspaKaspa (KAS) $ 0.077647
  • mantleMantle (MNT) $ 0.573432
  • fasttokenFasttoken (FTN) $ 4.43
  • cosmosCosmos Hub (ATOM) $ 4.07
  • gatechain-tokenGate (GT) $ 15.58
  • bonkBonk (BONK) $ 0.000023
  • vechainVeChain (VET) $ 0.020650
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.670730
  • official-trumpOfficial Trump (TRUMP) $ 8.59
  • skySky (SKY) $ 0.078700
  • ethenaEthena (ENA) $ 0.262526
  • render-tokenRender (RENDER) $ 3.21
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184889
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,750.00
  • arbitrumArbitrum (ARB) $ 0.330908
  • quant-networkQuant (QNT) $ 108.35
  • filecoinFilecoin (FIL) $ 2.28
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,559.87
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.52
  • algorandAlgorand (ALGO) $ 0.175529
  • worldcoin-wldWorldcoin (WLD) $ 0.878658
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998784
  • sei-networkSei (SEI) $ 0.261975
  • usdtbUSDtb (USDTB) $ 0.999711
  • binance-staked-solBinance Staked SOL (BNSOL) $ 161.72
  • kucoin-sharesKuCoin (KCS) $ 10.97
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.441347
  • spx6900SPX6900 (SPX) $ 1.33
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,684.85
  • nexoNEXO (NEXO) $ 1.22
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,917.10
  • fartcoinFartcoin (FARTCOIN) $ 1.18
  • flare-networksFlare (FLR) $ 0.016473
  • celestiaCelestia (TIA) $ 1.63
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999986
  • xdce-crowd-saleXDC Network (XDC) $ 0.064432
  • injective-protocolInjective (INJ) $ 10.55
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.54
  • blockstackStacks (STX) $ 0.652869
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999656
  • sonic-3Sonic (S) $ 0.309581
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,736.80
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,690.19
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.015168
  • optimismOptimism (OP) $ 0.543433
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pax-goldPAX Gold (PAXG) $ 3,313.47
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,590.00
  • story-2Story (IP) $ 3.14
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,625.00
  • wbnbWrapped BNB (WBNB) $ 661.86
  • kaiaKaia (KAIA) $ 0.150766
  • paypal-usdPayPal USD (PYUSD) $ 0.999630
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,693.33
  • dogwifcoindogwifhat (WIF) $ 0.858114
  • clbtcclBTC (CLBTC) $ 110,513.00
  • the-graphThe Graph (GRT) $ 0.084336
  • flokiFLOKI (FLOKI) $ 0.000085
  • tether-goldTether Gold (XAUT) $ 3,301.20
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 170.91
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.28
  • immutable-xImmutable (IMX) $ 0.417980
  • msolMarinade Staked SOL (MSOL) $ 199.17
  • vaultaVaulta (A) $ 0.478244
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,764.66
  • ousgOUSG (OUSG) $ 111.69
  • theta-tokenTheta Network (THETA) $ 0.696570
  • curve-dao-tokenCurve DAO (CRV) $ 0.507706
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.73
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998147
  • lido-daoLido DAO (LDO) $ 0.738062
  • jito-governance-tokenJito (JTO) $ 1.89
  • galaGALA (GALA) $ 0.014235
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • zcashZcash (ZEC) $ 38.55
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.68
  • iotaIOTA (IOTA) $ 0.159214
  • wrapped-hypeWrapped HYPE (WHYPE) $ 39.66
  • saros-financeSaros (SAROS) $ 0.232979
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • aerodrome-financeAerodrome Finance (AERO) $ 0.702242
  • the-sandboxThe Sandbox (SAND) $ 0.244367
  • jasmycoinJasmyCoin (JASMY) $ 0.012317
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 108,291.00
  • syrupMaple Finance (SYRUP) $ 0.548742
  • usual-usdUsual USD (USD0) $ 0.998333
  • raydiumRaydium (RAY) $ 2.18
  • super-oethSuper OETH (SUPEROETH) $ 2,559.76
  • tbtctBTC (TBTC) $ 108,561.00
  • pyth-networkPyth Network (PYTH) $ 0.098239
  • walrus-2Walrus (WAL) $ 0.404690
  • pendlePendle (PENDLE) $ 3.39
  • newton-projectAB (AB) $ 0.008308
  • tezosTezos (XTZ) $ 0.527052
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,738.44
  • falcon-financeFalcon USD (USDF) $ 0.999644
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,560.51
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,695.67
  • flowFlow (FLOW) $ 0.327665
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,690.00
  • decentralandDecentraland (MANA) $ 0.266251
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,561.40
  • coredaoorgCore (CORE) $ 0.497122
  • staked-hypeStaked HYPE (STHYPE) $ 39.64
  • venomVenom (VENOM) $ 0.236414
  • true-usdTrueUSD (TUSD) $ 0.997357
  • apecoinApeCoin (APE) $ 0.611352
  • ripple-usdRipple USD (RLUSD) $ 0.999771
  • bitcoin-svBitcoin SV (BSV) $ 24.35
  • chain-2Onyxcoin (XCN) $ 0.013958
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999900
  • thorchainTHORChain (RUNE) $ 1.33
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004524
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.171326
  • dexeDeXe (DEXE) $ 7.64
  • apenftAPENFT (NFT) $ 0.00000044
  • morphoMorpho (MORPHO) $ 1.36
  • based-brettBrett (BRETT) $ 0.043520
  • beldexBeldex (BDX) $ 0.060564
  • heliumHelium (HNT) $ 2.33
  • kavaKava (KAVA) $ 0.395828
  • usddUSDD (USDD) $ 0.999865
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007170
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • starknetStarknet (STRK) $ 0.113546
  • usdbUSDB (USDB) $ 0.998557
  • stader-ethxStader ETHx (ETHX) $ 2,722.47
  • movementMovement (MOVE) $ 0.152220
  • build-onBUILDon (B) $ 0.390896
  • mog-coinMog Coin (MOG) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 0.521868
  • neoNEO (NEO) $ 5.47
  • compound-governance-tokenCompound (COMP) $ 40.86
  • elrond-erd-2MultiversX (EGLD) $ 13.33
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • conflux-tokenConflux (CFX) $ 0.073939
  • kaitoKAITO (KAITO) $ 1.53
  • ecasheCash (XEC) $ 0.000019
  • aioz-networkAIOZ Network (AIOZ) $ 0.309615
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 108,624.00
  • deepDeepBook (DEEP) $ 0.146066
  • ether-fiEther.fi (ETHFI) $ 0.967938
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,558.31
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999904
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.14
  • axie-infinityAxie Infinity (AXS) $ 2.15
  • telcoinTelcoin (TEL) $ 0.003866

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

0 26

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.