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BTC is traded in the range of approximately $79,000–$81k, after reaching higher levels in the previous session. Currently, the price remains below the key psychological levels of $80K–$82K, which are critical for short-term direction. Analysts note several key facts:
The price briefly broke through $82,700 but then fell back to around $80K–$81K.
The bearish sentiment has turned neutral–bullish with increased institutional demand.
Short-term momentum is still unclear in breaking the sideways range, so confirmation of a breakout is awaited.
Macro factors such as leadership changes at the Federal Reserve and the Spot Bitcoin ETF catalyst are also driving prices this week.