Bitcoin has sharply bounced from the $60K demand zone, breaking above several major technical barriers and reclaiming the $72K-$74K area. The cryptocurrency is now facing the $80K-$82K resistance zone, where signs of exhaustion are emerging, including an overbought daily RSI and a bearish divergence on the 4-hour chart. The key near-term support is the $72K-$74K zone, followed by the $64K area as the next major test. On-chain metrics have improved, with the adjusted SOPR rebounding sharply and its 30-day EMA moving above the 1.0 threshold, indicating that profitable spending has returned alongside the price recovery.
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