Bitcoin trades near $80,443 after failing twice to clear the $81,900-$82,300 zone, cooling off from a roughly $7,000 rebound off Sept. 16 lows. The daily uptrend stays intact, with 13 of 15 tracked moving averages positive, even as short-term momentum turns cautious.
Bitcoin sits in a split spot: a daily uptrend that still looks intact against a short-term rally that has run out of steam under $82,000. BTC trades around $80,438 to $80,443, down roughly 1% over 24 hours.
A $7,000 rebound stalls at resistance
The one-hour chart shows the swing clearly. Bitcoin traded in the mid-$77,000s before dropping to $74,913 on Sept. 16 on elevated volume. It then ground higher before accelerating on Sept. 18-19 to reach $81,914.
That rebound met resistance fast. Sharp red hourly candles pulled the price back toward $80,300 to $80,500, followed by a small-bodied consolidation. Local support now sits around $80,000 to $80,300, with $79,000 below it, while $81,500 to $81,914 remains the first resistance zone.
The $82,000 wall holds on the four-hour chart
The four-hour chart makes the rejection harder to ignore, though it does not close the door on the broader rebound. Bitcoin climbed from a $63,989 low to $82,281 within the Aug. 19-Sept. 20 range, pulled back into the mid-$76,000s around Sept. 15-16, then rallied again toward $82,000 — and failed to hold that level a second time, leaving BTC near $80,400.
Overhead supply sits between $81,500 and $82,300, while $79,500 to $80,000 marks the immediate support zone. A deeper break would put the prior four-hour swing-low area around $76,000 to $76,500 back in play.
Daily structure remains bullish despite the pullback
The bigger picture looks more constructive. Bitcoin's daily structure stretches from a $57,735 low in June or July to a labeled $82,833 high, with price recovering through July and August before returning to the low-$82,000s. A daily close beneath roughly $76,700 — which lines up with the 30-period exponential moving average — would mark the first clear loss of the post-July uptrend structure, but for now that structure remains intact.
With 13 of 15 tracked moving averages positive, the higher-timeframe trend still tilts bullish. The lone bearish reading is the fast hull moving average at $81,075, which sits above the current price and stands as the first hurdle before another breakout attempt.
Oscillators stay neutral as momentum cools
Momentum indicators tell a more cautious story than the moving averages. The relative strength index stands at 61 and reads neutral, while the moving average convergence divergence level is negative. Put together, the oscillator group remains neutral, which fits a market consolidating beneath resistance rather than one decisively back in control.
Bulls need Bitcoin to reclaim $81,075 and then break through $81,914 to $82,833 to strengthen the rebound. Bears point to the failed attempts near $82,000 and the negative MACD reading, arguing that losing $80,000 would weaken the latest bounce and open the door back toward the $76,000 to $78,000 support zone.
Source: Bitcoin.com News
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