Bitcoin attempted to break through the $80,000 psychological level twice this morning, but intense selling pressure triggered a $1,500 decline, with the price dropping to $78,400 before recovering above $79,000. Analysts highlight unusually impatient buyer behavior, with aggressive purchases at the first signs of decline rather than waiting for a deeper correction toward the lower $70,000s. The Coinbase Bitcoin Premium turned positive for the first time in three and a half months, indicating renewed U.S. demand. This V-shaped recovery observed on charts suggests that bullish sentiment remains largely intact despite the brutal rejection.
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