Bitcoin’s price recovery is pressing toward a critical resistance cluster between $75,000 and $80,000, according to market analysis. The move marks a transition from defending support to testing overhead supply, with the outcome determining whether the rally matures into a sustained advance or faces rejection.
Bitcoin is leaving its defensive phase and approaching a decisive resistance area around $80,000. After weeks recovering from a February sell-off, this test of the old breakdown zone will determine if the rally can continue.
On the daily chart, BTC has climbed from a demand area near $60,000 to $62,000. The price remains below declining 100-day and 200-day moving averages, indicating the macro trend has not yet been repaired.
A daily acceptance above $75,000 would materially improve the technical picture. Without it, this remains a rebound inside a larger corrective phase.
The 4-hour chart shows a cleaner recovery structure with higher lows. Momentum supports short-term strength as price presses the upper boundary of its formation.
A breakout above the $73,000 to $75,000 supply band suggests continuation. A rejection would likely send the price back toward the mid-range, extending consolidation.
On-chain data adds context. Bitcoin’s adjusted SOPR is still below 1, meaning coins are being spent at a loss.
This typically occurs in corrective phases, suggesting the broader reset is not entirely over. However, aSOPR has rebounded from recent lows, hinting the worst capitulation pressure may be past.
