Bitcoin is currently hovering around $81,500, retreating after rejecting the $85.5K-$90.5K supply zone. The price is approaching the ascending channel’s midpoint at $79K-$80K, while the $75K-$78K demand zone represents the main daily defense below. On the 4-hour chart, the buyers’ decision point sits at $80K-$81.3K, a decisive level whose break would open the path toward the next demand zone around $74.8K-$76.3K. From an on-chain perspective, the price remains above the realized prices of the 1-to-3-month and 3-to-6-month cohorts at $70.5K and $69.5K respectively, but stays below the 6-to-12-month and 18-month-to-2-year cohorts near $87K and $91K, forming major resistance for a sustained recovery.
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