Bitcoin's rally toward $80,500-$82,500 has lost steam, with the largest cryptocurrency slipping back toward the high $70,000s as spot and futures traders show less conviction. Chart signals point to a choppy consolidation phase rather than an immediate reversal, while gold investor Peter Schiff keeps arguing Bitcoin doesn't belong in the conversation with traditional assets at all.
Bitcoin's push above $80,000 has stalled. The token is now hovering above $78,000, well below the $80,500-$82,500 zone where several recent candles have shown hesitation.
Daily structure still bullish, but momentum has faded
The broader daily trend remains intact. Bitcoin's breakout from the $64,000-$65,000 region carried price above both major moving averages and through the $65,900-$67,100 and $72,000-$74,400 resistance zones. However, buyers have not yet forced a decisive break above $82,500, and the structure could turn into sideways, volatile trading between that ceiling and the reclaimed $72,000-$74,400 support if momentum keeps fading.
Four-hour chart breaks its rising channel
The shorter-term picture looks weaker. Bitcoin had built a rising channel beneath the $80,000-$82,000 area after its initial surge, but it has since broken below the channel's lower boundary, ending the sequence of higher lows. The token has stabilized around $77,000-$78,000 rather than accelerating lower, a pattern more consistent with consolidation than an outright correction.
Futures orders show little whale conviction
Futures activity backs up the stalling picture. The latest average order size readings are mostly classified as normal, with no sustained cluster of large whale activity near $78,000. Neither aggressive demand nor heavy supply looks dominant right now, which is why Bitcoin may keep chopping between $72,000-$74,400 and $80,500-$82,500 until participation returns.
Schiff keeps pushing back on Bitcoin as an asset
Not everyone reads Bitcoin's run the same way. Peter Schiff has renewed his argument that the token shouldn't be measured against gold, equities, or real estate, and he has separately said he doesn't think Bitcoin is an inflation hedge, arguing investors seeking protection from rising prices should choose precious metals instead. He has also dismissed attempts to tie Bitcoin to the AI trade: "AI isn't bullish for Bitcoin; it's a threat to it."
Sources: CryptoPotato, U.Today
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