Bitcoin Price Analysis: $80K Battle Rages On as BTC’s Next Targets Come Into Focus

Bitcoin is trading around $79.7K after a sharp rebound from the $75K region stalled near $80K. The rejection keeps BTC within a short-term corrective structure, with the price now caught between a key demand zone below and overhead resistance that buyers have repeatedly failed to clear. Meanwhile, the Adjusted SOPR is sliding back toward its key 1 threshold, suggesting that profit realization across the network is fading. Bitcoin Price Analysis: The Daily Chart Bitcoin continues to trade within the ascending channel that has defined its recovery from the June lows near $58K. However, after two rejections from the channel’s upper boundary around $87K in September and early October, BTC began forming lower highs and slipped below the channel’s midpoint late last month. The decline brought the price into the $75K-$78K demand zone, the order block that preceded the September rally toward $87K. Buyers responded with a long lower wick and a strong rebound, but the move stalled at the channel midline, which is now acting as resistance around $80K. Reclaiming it could pave the way for another advance toward the $87K supply zone, where the massive breakdown originated early this year. Conve...