I just noticed that Bitcoin was rejected again at $79,400 during the Asian overnight session. There have been three failed attempts to break $79,000 in eight sessions, so something is holding back the rally that had quite a bit of momentum recently. It’s now trading around $80,990 based on the latest data, but that earlier rejection is interesting from a technical standpoint. Analysts say that $80,000 is the zone where many recent buyers are at breakeven, which explains the selling pressure. It’s like when everyone has the same idea to sell at the same price. What’s curious is that Bitcoin is up 16% in April and still sees strong institutional accumulation, but the price just doesn’t take off. The catalyst the market is expecting could come this week with the Fed and BCE decisions, as well as earnings reports from the tech megacorporations. If any of those events surprises to the upside, it will likely break the range. Meanwhile, Ether is at $2,330 and Solana touched $95, but without much clear direction. The price remains trapped, waiting for that catalyst to determine the next move.