📰 【Bitcoin Fails to Break Through the $80k Resistance Level, With On-Chain Metrics Showing a Bullish Tilt and a Cautious Mood Coexisting】

BlockBeats News, April 28 — Bitcoin fell below $76,000. After failing to break through $80,000, it pulled back as uncertainty over the reopening of the Strait of Hormuz and the state of the broader macro environment unsettled the market. At the same time, both technical and on-chain data deliver mixed signals on whether BTC can extend this round of rebound. After Bitcoin logged a 30% rise following a low below $60,000 on February 6, it stalled when selling pressure hit in the supply zone between $78,000 and $80,000. This range is also where the current 20-week exponential moving average (EMA) sits, reinforcing the importance of this resistance level. The founder of MN Capital...

Here comes that $80k old familiar again. On-chain indicators bullish? Don’t be fooled—every time “bullish” is mentioned, it’s just a smokescreen for big players to offload. The $76k support line is as thin as paper. The Strait of Hormuz news is nothing more than an excuse; when the main forces dump, they never need a reason. The 20-week EMA between $78k and $80k is an iron ceiling—if it can’t be broken, don’t talk about a rebound. This move is exactly the same playbook as last year. 👇👇👇👇👇