{"id":19790,"date":"2025-03-30T19:31:57","date_gmt":"2025-03-30T19:31:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19790"},"modified":"2025-03-30T19:31:57","modified_gmt":"2025-03-30T19:31:57","slug":"bitcoin-price-analysis-will-the-80k-support-level-hold-btc-after-recent-rejection","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19790","title":{"rendered":"Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?"},"content":{"rendered":"
\n

Bitcoin\u2019s price was rejected this week, showcasing the insufficient bullish momentum in the market.<\/p>\n

Nevertheless, the asset faces a substantial support range at the $80K mark, which is expected to hold the price in the short term.<\/p>\n

Technical Analysis<\/h2>\n

By Shayan<\/a><\/p>\n

The Daily Chart<\/h3>\n

Bitcoin has recently experienced a notable rejection after briefly breaking above the 100-day MA, signaling a false breakout and insufficient bullish momentum. This failure to break through reinforces the prevailing bearish sentiment in the market.<\/p>\n

Nevertheless, BTC is approaching a substantial support range, including the psychological $80K level and the 0.5 ($84K) \u2013 0.618 ($78K) Fibonacci retracement zone. This crucial region is expected to act as a support zone, potentially leading to a new consolidation phase around the $80K mark.<\/p>\n

Given these conditions, Bitcoin is likely to continue its decline toward $80K in the short term, where price action will determine the next significant move.\"\"<\/a><\/p>\n

The 4-Hour Chart<\/h3>\n

On the lower timeframe, Bitcoin encountered increased selling pressure at the upper boundary of its descending channel, leading to a strong rejection. The price is currently testing short-term support at $83K, aligning with a prior swing low. While some buying interest may emerge at this level, overall market conditions lack bullish momentum, and sellers remain dominant.<\/p>\n

As a result, BTC is likely to break below $83K and move toward the channel\u2019s mid-boundary at $80K, which is a critical inflection point. While it may support the price and initiate a consolidation phase, a breakdown below this level could trigger a deeper decline toward the $77K threshold.\"\"<\/a><\/p>\n

On-chain Analysis<\/h2>\n

By Shayan<\/a><\/p>\n

Bitcoin\u2019s interaction with the Realized Price of long-term holders\u2019 UTXOs has historically been a key indicator of market direction, as it represents the average acquisition cost of these holders. Bear markets typically begin when the price drops below the realized price of the 6-12 month cohort, signaling losses and potential distribution by these big investors.<\/p>\n

Currently, BTC is trading below the realized price of the 3-6 month cohort at $88K but remains above the 6-12 month cohort\u2019s realized price of $62K. This suggests that while the market is undergoing a deep correction, it is too early to confirm the onset of a bear market.<\/p>\n

Bitcoin is likely to continue its corrective retracement within this range until new demand enters the market. The $88K level remains a critical threshold, where a breakout above it could signal the start of a fresh uptrend.\"\"<\/a><\/p>\n

The post Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price was rejected this week, showcasing the insufficient bullish momentum in the market. Nevertheless, the asset faces a substantial support range at the $80K mark, which is expected to hold the price in the short term. Technical Analysis By Shayan The Daily Chart Bitcoin has recently experienced a notable rejection after briefly breaking above […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19790","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19790"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19790\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}