Bitcoin is retesting the support area since January.

Bitcoin has returned above $80,000, bringing the market back to the key price range from earlier this year. The last time Bitcoin traded in the $80,000 to $83,000 range was in late January, when this range initially acted as support, but bearish momentum later took over, triggering a market pullback over the following weeks. Current market activity has shifted attention to whether the latest breakout attempt can be sustained, or whether the price action will follow a similar pattern again. At present, the overall bull market channel remains intact, with the upper band nearing $85,000. Analysts are closely watching the resistance levels at $81,500 and $81,750; if Bitcoin can continue closing above these areas, it may test the $82,500 and $83,200 range, and potentially rise further to $84,500. However, if it fails to maintain the upward momentum above the current resistance zone, it could expose support levels near $80,500, $80,150, and subsequently around $78,350—aligning with the 50% Fibonacci retracement level.