From CryptoPotato · By Shayan Markets
Bitcoin is attempting to stabilize after another defense of the $80K demand zone. The biggest crypto asset is now trading around $82.8K and remains below the $88K resistance area that rejected its recent advance, leaving the market between a continuation of the broader recovery and a deeper correction toward lower support.
Meanwhile, the Adjusted SOPR suggests that profit-taking remains moderate, although the metric has started to cool alongside the latest pullback.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, BTC continues to trade within the ascending channel that has guided the recovery from the late-June lows near $58K. The sharp rally in late September carried the price into the channel’s upper boundary, which overlapped with the major supply zone around $88K. This region marks the origin of the late-January breakdown, and sellers have once again defended it, rejecting BTC twice near $88K in late September and early October.
Following the rejection, the price has retreated toward the channel’s midpoint, which is currently converging with the $80K area. Buyers have so far defended the recent lows, and holding above this region would keep the structure constructive and support another attempt toward the $85K supply boundary. A decisive breakout above the zone would be required to open the path toward the $90K region and beyond.
On the downside, the nearby notable support is the $77K order block, which formed the base of the late-September breakout. A daily candle close below the channel midpoint would likely expose this region, while a breakdown beneath it would bring the channel’s lower boundary, currently around $70K, back into focus. For now, the broader recovery structure remains intact, but the repeated rejections from supply suggest that buyers need to hold the midpoint to preserve it.
BTC/USDT 4-Hour Chart
The 4-hour chart shows that Bitcoin has formed a series of lower highs since the rejection from the $86K-$88K region in early October, with subsequent rebounds stalling near $84K. Despite this, the price remains within the short-term ascending channel, and every decline since early October has been absorbed by the $80K demand zone, which served as the consolidation base before the strong rally in late September. This zone now overlaps with the channel’s rising lower boundary, creating a meaningful support confluence.
The latest impulsive move away from this confluence has left a bullish fair value gap below the current price, suggesting that buyers have stepped in with notable strength. If this imbalance holds on a retest, BTC could extend its relief bounce toward the $84K rebound highs, followed by the $86K supply zone, where the early-October breakdown began.
Conversely, failure to hold the fair value gap would return the price to the $80K demand zone for another test. Repeated tests tend to weaken support, and a valid break below both the zone and the rising trendline would invalidate the current stabilization attempt, exposing the $75K order block. The short-term structure therefore favors a cautious recovery, but buyers still need to clear $84K level to end the sequence of lower highs.