Bitcoin is trading around $79,000 after a sharp recovery from the $60,000 demand area. The cryptocurrency is now facing a major resistance zone between $80,000 and $82,000, where it has been repeatedly rejected since late August. The RSI is showing divergence with lower highs while price remains near recent highs, suggesting weakening bullish momentum. A decisive breakout above $82,000 would open the way toward $96,000 resistance, while a break below $76,000 would increase the likelihood of a pullback toward $72,000-$74,000. The on-chain indicator adjusted SOPR has rebounded above 1, at approximately 1.01, signaling a return of realized profitability in the market.
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