Bitcoin faces resistance at $81,700 after a 24% rally; next key levels at $83,600 and $88,700.
Macro & Markets ·
Bitcoin's 24% rally has stalled near $81,700, a level analysts view as critical for confirming sustained upside momentum. Additional resistance exists at $83,600 and $88,700, while long-term holders have created a supply wall of 539,000 BTC between $77,100 and $80,200 that could slow near-term advances. The 200-day moving average near $70,000 marks the first major support level on the downside. Analysts remain bullish if Bitcoin clears these resistance thresholds, though a failure to break through could trigger consolidation or a deeper pullback.