Based on the technical analysis of both the daily (1D) and 4-hour (4H) charts, Bitcoin is currently at a critical decision point around the $91,000-$98,000 resistance zone. While there is short-term bullish momentum, the risk of a retracement remains.
Bearish Case for $80,000
1. Key Bearish Factors
* Rejection at $98,000 Resistance: BTC is struggling to reclaim this key level. If rejection occurs, it could trigger a sell-off.
* Lower High Structure on 4H Chart: The 4H timeframe still shows lower highs (LH), indicating sellers remain in control.
* Overbought Stochastic RSI on 4H: This suggests that short-term momentum is cooling off, increasing the risk of a pullback.
* Major Support Below: The strongest support is between $78,000 - $80,000, where high buying demand is expected.
2. Bearish Price Path
If BTC fails to break above $98,000, it could follow this path:
* Break below $91,000 → Drop to $86,000-$88,000 (Key liquidity zone)
* Break below $86,000 → Sharp decline toward $80,000
* Ultimate support at $78,000 (Historical demand zone)
Bullish Defense: Can $80K Be Avoided?
* If BTC holds above $91,000 and reclaims $98,000, the bearish scenario becomes invalid.
* A daily close above $99,500 would confirm strength, increasing the likelihood of BTC moving towards $103K+ instead of retesting $80K.
Final Verdict
* If BTC loses $91,000 and volume increases on sell-offs, then $80K is a real possibility.
* However, if bulls hold $91K and reclaim
98K, Bitcoin is more likely to push toward $103K+ instead of dropping to $80K.
Keep an eye on $91,000 as the key level—if BTC closes below it, then the drop to $80K becomes highly likely. 🚨
Bearish Case for $80,000
1. Key Bearish Factors
* Rejection at $98,000 Resistance: BTC is struggling to reclaim this key level. If rejection occurs, it could trigger a sell-off.
* Lower High Structure on 4H Chart: The 4H timeframe still shows lower highs (LH), indicating sellers remain in control.
* Overbought Stochastic RSI on 4H: This suggests that short-term momentum is cooling off, increasing the risk of a pullback.
* Major Support Below: The strongest support is between $78,000 - $80,000, where high buying demand is expected.
2. Bearish Price Path
If BTC fails to break above $98,000, it could follow this path:
* Break below $91,000 → Drop to $86,000-$88,000 (Key liquidity zone)
* Break below $86,000 → Sharp decline toward $80,000
* Ultimate support at $78,000 (Historical demand zone)
Bullish Defense: Can $80K Be Avoided?
* If BTC holds above $91,000 and reclaims $98,000, the bearish scenario becomes invalid.
* A daily close above $99,500 would confirm strength, increasing the likelihood of BTC moving towards $103K+ instead of retesting $80K.
Final Verdict
* If BTC loses $91,000 and volume increases on sell-offs, then $80K is a real possibility.
* However, if bulls hold $91K and reclaim
98K, Bitcoin is more likely to push toward $103K+ instead of dropping to $80K.Keep an eye on $91,000 as the key level—if BTC closes below it, then the drop to $80K becomes highly likely. 🚨
Trade active
It comes close to 80k as predicted.Bitcoin (BTC) has experienced a notable decline over the past 24 hours, dropping approximately 5% to around $81,834. This downturn aligns with a broader market retreat, influenced by economic uncertainties stemming from recent U.S. policy announcements. Notably, President Donald Trump acknowledged that his economic strategies might induce short-term challenges, contributing to investor caution across various asset classes, including cryptocurrencies.
Trade closed: target reached
Bitcoin has experienced a strong sell-off recently, dropping toward the $80,000 level, but it is now showing signs of a potential relief bounce. Current price action sits at $81,945, with a key hourly resistance at $86,480 and support at $80,000.Price Action & Trend Analysis:
• BTC has been in a downtrend, forming lower highs and lower lows.
• A short-term bounce is in play after testing the support around $80,000.
• Bearish momentum remains dominant unless BTC reclaims key resistance levels.
Support & Resistance Levels:
• Resistance:
• $86,480 – Major resistance; BTC needs to break this level for further upside.
• $92,000 – Psychological resistance zone.
• Support:
• $80,000 – Key short-term support; losing this could accelerate selling pressure.
• $78,000 – Potential next demand zone if BTC breaks below $80K.
Volume & Momentum Indicators:
• Volume: A large volume spike indicates heavy buying interest at support.
• MACD: Bullish crossover, signaling a possible short-term reversal.
• Stochastic RSI: Recently oversold and now turning up, supporting the idea of a bounce.
Possible Scenarios:
1. Bullish Case:
• If BTC holds above $80,000 and breaks $86,480, it could push toward $90,000+.
• Bulls need increasing volume and a sustained move above resistance.
2. Bearish Case:
• A rejection at $86,480 and a break below $80,000 could send BTC toward $78,000 or lower.
• Continued downward pressure could lead to $75,000-$76,000 as the next major support.
Trade Outlook:
• Short-term traders can look for a bounce trade off $80,000 support with tight stops.
• Swing traders should wait for confirmation of trend reversal above $86,480.
• Bearish traders may look for short entries if BTC gets rejected at resistance.
Conclusion:
Bitcoin is currently at a make-or-break level, with $80,000 acting as critical support. The current bounce looks promising, but bulls need to reclaim higher resistance levels to regain strength. If BTC fails to hold support, further downside risks remain.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.