Bitcoin rebounds above $80,000: key levels at $77,700 and $82,300
- —BTC rose almost 6% in the session to about $80,900, with a daily high of $81,100
- —The rebound started from the 38.2% Fibonacci level at $74,800, breaking through $77,700
- —Glassnode's True Market Mean is $76,700, coinciding with the support zone
- —The daily RSI recovered to about 63, short of the 70 overbought zone
Why it matters: Holding above $77,700 would confirm a shift in the short-term range; losing the level would send BTC back to $76,700 and open the path to $72,500.
Source: Coindoo