TLDR BTC tests former wedge resistance as support near $88K after a bullish breakout attempt. Short-term charts show repeated rejections, keeping selling pressureTLDR BTC tests former wedge resistance as support near $88K after a bullish breakout attempt. Short-term charts show repeated rejections, keeping selling pressure

Bitcoin Price Prediction: BTC Faces $80K Risk as Bulls Battle Key Resistance

TLDR

  • BTC tests former wedge resistance as support near $88K after a bullish breakout attempt.
  • Short-term charts show repeated rejections, keeping selling pressure active below $92K.
  • Volume favors downside on lower timeframes, signaling distribution over accumulation.
  • Loss of $84K support could expose BTC to a deeper pullback toward $80K.

Bitcoin remains at a critical technical juncture as conflicting signals emerge across multiple timeframes. While one daily structure hints at a developing bullish reversal, shorter-term charts continue to reflect persistent selling pressure. Analysts now warn that Bitcoin price must defend key levels to avoid a deeper pullback toward $80,000.

Bitcoin Price Tests Falling Wedge Breakout Zone

According to trader Don, a falling wedge guided price lower from above $120,000 to near $80,000 since May 2025. This structure recently resolved to the upside, with Bitcoin breaking above the upper wedge trendline around $90,000. Such breakouts historically favor trend reversals when confirmed by volume expansion.

ImageSOURCE: X

Following the breakout, price has retraced toward the former resistance, now acting as potential support near the $88,000 zone. This retest phase is viewed as constructive if buyers step in decisively. Volume spikes on bullish candles suggest accumulation, supporting the breakout narrative.

However, confirmation remains pending. Failure to hold above the wedge boundary could invalidate the setup. Analysts suggest that sustained strength could open upside targets near $95,000 and $100,000, while a drop below $85,000 would shift focus back toward downside risks.

Rejections Keep BTC Price Under Pressure

Meanwhile, according to analyst Crypto Tony, the 1-hour BTC chart paints a less optimistic picture. Price continues to face rejection along a descending trendline that has capped rallies since September 2025. Each attempt to reclaim this level has been met with swift selling, reinforcing short-term bearish control.

ImageSOURCE: X

Additionally, volume trends show elevated activity during downward moves, indicating distribution rather than accumulation on lower timeframes. This behavior suggests that sellers remain active despite wider consolidation. Support zones around $84,000 are now closely monitored as potential buffers against further declines.

The analyst noted that unless the descending trendline is decisively reclaimed, downside pressure may persist. A clean break above resistance could trigger a squeeze toward $92,000. Until then, market structure favors caution for near-term positioning.

Repeated Resistance Failures Weigh on Outlook

Furthermore, analyst Max Crypto highlighted another daily rejection near the $92,000 resistance level. The chart shows a series of lower highs extending from November 2025, connected by a clearly defined downward trendline. Each failed attempt has reduced bullish momentum, reflected by fading volume on upswings.

ImageSOURCE: X

Current price action around $87,950 reflects indecision, with neither side asserting dominance. However, repeated failures at resistance often precede deeper tests of support. Analysts identify $84,000 as a critical zone that must hold to prevent acceleration lower.

If this level fails, downside targets extend toward the $80,000–$82,000 range. Conversely, a daily close above $92,000 would invalidate the bearish sequence and shift the outlook. Until then, the Bitcoin price remains vulnerable to macro-driven volatility and technical pressure.

Analysts agree that Bitcoin is approaching a decisive moment. The coming sessions may determine whether recent breakout attempts mature into a sustained recovery or resolve into another corrective leg lower.

The post Bitcoin Price Prediction: BTC Faces $80K Risk as Bulls Battle Key Resistance appeared first on CoinCentral.

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$86,818.65
$86,818.65$86,818.65
-0.71%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin Perpetual Open Interest Rises to 310,000 BTC as Price Hits $90,000

Bitcoin Perpetual Open Interest Rises to 310,000 BTC as Price Hits $90,000

Perpetual futures open interest for Bitcoin increased from 304,000 BTC to 310,000 BTC on Monday as the cryptocurrency's price briefly touched $90,000, signaling renewed interest in leveraged long positions ahead of year-end trading according to blockchain analytics firm Glassnode. This 2% increase in open interest accompanying price appreciation suggests fresh capital entering leveraged positions rather than mere price-driven expansion, potentially contradicting earlier narratives about muted year-end activity while raising questions about whether building leverage creates vulnerability for the exact Q1 2026 crash scenarios that Anthony Pompliano suggested Bitcoin might avoid.
Share
MEXC NEWS2025/12/24 15:46
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Palmer Luckey Raises $350M for Erebor Digital Bank at $4.3B Valuation

Palmer Luckey Raises $350M for Erebor Digital Bank at $4.3B Valuation

Palmer Luckey has raised $350 million for Erebor, valuing the digital bank at approximately $4.3 billion as it moves toward launch with FDIC approval, according to Axios. The Oculus founder and defense tech entrepreneur's entry into fintech represents remarkable valuation for pre-launch bank and raises questions about whether investors are backing genuinely innovative banking model or simply betting on Luckey's track record of building billion-dollar companies, while the timing amid regional banking stress and cryptocurrency integration ambitions creates both opportunity and scrutiny.
Share
MEXC NEWS2025/12/24 15:42