Bitcoin News
By Pankaj K
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Where Support Waits. If Bitcoin can't crack through, the next stop is probably lower.
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Quarterly Structure in Focus. The quarterly timeframe adds weight to these levels.
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Bitcoin slipped under $80,000 again. The move came fast, and traders now watch two zones that could shape the rest of the quarter.
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Crypto analyst Minga ran the numbers and found that range sits near the top of the current quarterly structure.
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But the resistance is real. Bitcoin tried, got rejected, and now sits at $79,820—down about 1.8 percent over the last day.
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If Bitcoin can't crack through, the next stop is probably lower. The first big support sits at the quarterly open around $68,200.
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The real line in the sand, though, is $65,000. Minga called out this level as the most important support on the chart right now.
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Right now, Bitcoin is kind of stuck in the middle. It's trading near $79,820, which is below the resistance but still comfortably above the first support.
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The quarterly timeframe adds weight to these levels. Bitcoin's price action this quarter hinges on whether it can break past $82,500 or if it falls back toward $68,200 and then…
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Related: BTC Tests $83K Wall as Miner Selling Stays Muted, MACD Flips Bullish
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Market participants are glued to their screens. The $65,000 level isn't just a number—it's a psychological threshold too.
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The presence of untapped lows at $65,000 makes it even more interesting. Those lows suggest a pocket of liquidity that could act like a magnet if Bitcoin starts to drift lower.
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The current price of $79,820 puts Bitcoin in a tight spot. It's close enough to the resistance that another rally could test it again soon, but it's also within striking distance…
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Traders are also thinking about the 200-day SMA at $82,500. Moving averages like that one often act as dynamic resistance or support, depending on which side of the line Bitcoin…
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The quarterly open at $68,200 is another piece of the puzzle. If Bitcoin falls back to that level, it would erase most of the quarter's gains and force traders to reassess their…
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