Українська
Русский
English
Can Bitcoin (BTC) Pull Back from $80,000? Or Will the Rally Continue? Expert Analyst Insights
The leading cryptocurrency, Bitcoin ($BTC), has surpassed the long-awaited $80,000 level. This morning, it continued its upward trend, rising above $81,000.
Alongside Bitcoin, some activity was also observed among major altcoins. Ethereum (ETH) traded at $2,370, gaining just 0.3% compared to the previous day, while XRP declined by 0.5% to $1.4.
Bitcoin’s move above $80,000 has strengthened bullish expectations among investors. However, analysts note that $BTC is facing resistance at this level.
At this stage, from both a technical and psychological perspective, $80,000 is more than just a number. It acts as a resistance zone that has capped price movement for several weeks and also serves as a threshold for institutional buyers.
Well-known crypto analyst Michaël van de Poppe stated that Bitcoin has finally broken through the significant and strong $80,000 resistance level.
The analyst emphasized that the fact this level served as resistance for a long time does not necessarily imply strong selling pressure or a sharp decline.
Arguing that the foundation for an uptrend has already been established, he predicts that after a brief consolidation phase, $BTC will continue to rise.
He added that he sees the $86,000–$99,000 range as the first resistance zone, while $92,000–$94,000 represents the next critical resistance area.
In conclusion, he noted that Bitcoin’s current structure appears strong, and the short-term uptrend may continue as long as the price remains above the $73,000–$75,000 range.
See also: "Bitcoin Holds Optimism Near $81K Amid Rising Tensions with Iran"
