Bitcoin Hovers Near $80,500 as Sellers Test Key Support, $78K in Sight
- —Bitcoin's 24-hour low hit $80,409, with Bitstamp support near $80,351
- —10 of 15 moving averages flash bearish signals; 9 of 11 oscillators are neutral
- —RSI sits at 43 and ADX at just 17, signaling weak trend strength
- —Bulls need to reclaim $82,000 to break the prevailing bearish structure
Why it matters: Holding $80,000 is critical: a breakdown would pressure longs and accelerate a move toward $78,000.
Source: Bitcoin.com