Analyst: BTC faces $80K resistance, may resume uptrend after consolidation

Cryptocurrency analyst Michaël van de Poppe has stated that while Bitcoin faced strong resistance at the $80,000 level yesterday, this does not necessarily signal a sharp decline. He suggested that the foundation for an upward trend is already in place, making it highly probable that BTC will see further gains after a period of short-term consolidation. Van de Poppe added that the short-term uptrend remains valid as long as the price does not fall below the $73,000 to $75,000 range, noting that the current price is still above this threshold.