Bitcoin at a Crossroads Breaking the $80,000 Wall or Ready to Rejection?

Yo, what’s up BULB fam! We’re back to talk about the Big Boss Bitcoin. Right now, BTC is doing something very interesting it’s flirting with that $80,000 mark. Everyone is holding their breath, asking is this the legendary breakout, or just another trap?

First, let's look at the market's mood. Check this out



We are currently at 39 (Fear) on the Fear & Greed Index. I know, it sounds scary, but look at the history. Last month we were at 12 (Extreme Fear)! The market is slowly getting its confidence back. For us traders, this fear zone is actually where the opportunities are hidden before the crowd gets too greedy.

Now, let’s get into the nitty gritty of the chart

As you can see on my TradingView chart, we are hitting a massive Supply Zone (the red box). This is the battlefield. If BTC can punch through $80k and stay above it, the next target is that juicy Fair Value Gap (FVG) around $88,345. That’s a sweet 22% potential gain from our recent support bounce.

However, keep an eye on the floor. If we get a hard rejection here, our safety net is at $71,727. As long as we stay above that, I’m still feeling bullish for the long run.

My Personal Take: Personally, I’m playing it cool. $80k is a huge psychological level. I’m not chasing the price here. My plan is simple wait for a solid daily close above $80,000 to confirm we’re going higher, or wait for a dip near $71k to load up more discounted bags. Don't let your emotions trade for you stick to the plan!


Look at those numbers $21 Billion in 24 hour volume. The liquidity is there, the interest is there. With the All Time High at $126k, $80k is just another hurdle on the road.

What’s your move? Are you buying the breakout or waiting for the dip? Let’s discuss in the comments!

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Solana (SOL) Address:
`9deT2pgTgf3r9eA7ndwW4tQCnbsXSyJ89FPvv1
XUmpJh`
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This article was originally researched and written by me. To maintain transparency across Web3 platforms, please note that a version of this post was first published on my Hive blog (@rizqimaruf). You can find the original Hive post here: https://inleo.io/@rizqimaruf/bitcoin-road-to-80000-breakout-or-fakeout-2a8-7xt?referral=rizqimaruf