Bitcoin’s $80K Support Faces 3 Major Market Tests
Photo: Cointribune
Bitcoin begins a decisive week around 80000 dollars. It simultaneously concentrates the average purchase price of corporate treasuries, significant coverage in the options market, and the last technical defense before a deeper decline zone. Bitcoin trades around 80500 dollars after failing to rebound to 85000 dollars. On the daily chart, sellers maintain the advantage as long as the price remains below the zone between 81500 and 82000 dollars. A lasting break below 79000 to 80000 dollars would weaken the upward channel observed since September.
Source: Cointribune
