Bitcoin is trading around $79,700 after rebounding from the $75,000 zone, but it was rejected near $80,000, which has become a short-term resistance level. The price remains in a corrective structure between a $75,000–$78,000 demand zone and overhead resistance. A daily close below $75,000 would invalidate the order block and could direct Bitcoin toward support near $73,000, with a risk of a deeper decline toward the $60,000 area. Reclaiming the $80,000 resistance zone would open the way toward $85,000 and then $87,000. CryptoQuant’s aSOPR indicator is approaching the key threshold of 1, indicating fading profit realization, while a sustained move below that threshold alongside a close below $75,000 would strengthen the bearish case.
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