Stand firm at the 80k level, how strong is the bullish consensus for Bitcoin?



Today’s Bitcoin performance is extremely eye-catching. Starting from around 78,500 on the platform in the morning, the bulls have been unstoppable, reaching an intraday high of 80,418, officially entering the 80,000 era. Currently, the price is consolidating at a high level around 79,500, and this kind of movement feels very powerful — it’s not a crash after a rapid surge, but a chip exchange near a key integer level.
From the market logic perspective, 80,000 is both a psychological Everest and the last line of defense for the bears. The current fluctuation is actually digesting profit-taking at high levels. If the daily chart can effectively stabilize above 79,000, this level will completely transform from a resistance zone into a strong support zone. Although the RSI indicator shows the market is overheated, under the influence of strong spot buying, technical adjustments often occur with a “sideways consolidation instead of a decline.”
Suggestion: Pay attention to the contest around the 80,000 mark. In a clear trend context, rather than frequent swings, it’s better to wait for the trend to extend itself.
BTC0.66%
ETH0.78%
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