Analyst: Bitcoin needs to break $80–85K to change structure
- —BTC around $76,400, below the 9-day EMA of $77,028
- —Daily RSI at 51.68 — neutral, August momentum has cooled
- —Key resistance — $80–85K, then $85–86K
- —If support at $76K breaks, targets: $72K, then $66–69K
Why it matters: A break above $80–85K would confirm an upward reversal, while losing $76K would open the path to $72K and below.
Source: The Cryptonomist