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I just saw Bitcoin briefly touch $79,399 earlier this morning, which is the highest level in 12 weeks, but was immediately pulled back by sellers. Now it's trading around $81.16K, up slightly by 0.28% in the past 24 hours. This is the third time Bitcoin has tried to break through the $79,000 area but has always failed, it seems there is strong selling pressure there.
According to the analysis I read, $80,000 is a very important clock level—many new buyers are in break-even positions at that level. So when Bitcoin approaches that number, they immediately exit their positions that have been losing money for weeks. Bitcoin has already risen 16% in April and received significant institutional accumulation, with Strategy itself buying $3.9 billion worth of Bitcoin last month. But the momentum stops here.
Alt-coins are also moving, Ethereum up 0.41% to $2.33K, Solana jumping 1.75% to $95.06, and BNB up 0.95% to $655.60. Traders are waiting for the Fed and ECB decisions this week, plus earnings from tech megacaps. If one of these factors turns positive, Bitcoin might break through this range. But if not, this third rejection could become a pattern rather than a setup for a breakthrough.