Bitcoin is trading at $80.8k, consolidating just above the $80k psychologcial threshold that defined the ceiling of this cycle’s correction for months. While the ascending channel’s higher boundary is still holding, the 100-day MA has been left well behind, and the price’s reaction to the current area where the 200-day MA is also converging will likely shape the crypto market trend in the upcoming weeks.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, the market is once again testing the ascending channel’s upper trendline, which is also accompanied by the 200-day moving average around the $82k area. Below, the 100-day moving average is now flattening near $72k, which can be a significant signal for a mid-term bullish market structure shift. The asset is currently consolidating just below the channel’s upper boundary and the 200-day MA, while the RSI is holding in the 60–65 range after retracing from nearly overbought levels twice.
The $76k support zone crea
We współpracy z: https://cryptopotato.com/bitcoin-price-analysis-btc-maintains-key-support-levels-will-the-rebound-continue/
