BTC tests key resistance in low-$80K range, analyst says

Bitcoin’s sharp upward move has run its course for now and is working through a key resistance cluster in the low-$80,000 range, Jamie Coutts, a crypto market analyst at Real Vision, said on X. Coutts said the area includes previous highs, the cost basis of long-term holders, the cost basis of ETF investors, and the highs from the past six months. The current price action is confirming a market trend reversal, Coutts added.