Bitcoin holds above $80,700 support as analysts eye $86,000 breakout

Bitcoin traded near $81,800 on Thursday, with market participants closely monitoring whether the cryptocurrency will maintain key support or break higher toward the next resistance levels. As of the latest CoinGecko data, Bitcoin posted a modest 0.55% daily gain, though it remains down 1.16% over the past week. The price currently hovers in a narrow range as buyers and sellers test their resolve at significant support and resistance zones. Market analyst Don (@DonWedge), known for technical analysis in the crypto world, highlighted that Bitcoin successfully retested $80,700—a price level marked as the upper limit of its recent consolidation.

Source: CoinTurk News