Bitcoin Price Prediction for the Week: Will BTC Reclaim $80K or Dump Toward $70K?

Bitcoin’s decline has accelerated into the $77K region after buyers lost the $80K support area. The price is now testing a major daily demand zone, while on-chain data shows it approaching the average cost basis of recent holders. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin has decisively broken beneath the ascending channel’s midpoint. The sharp bearish move carried the price through $80K and into the highlighted $75K–$78K demand zone, with BTC currently trading around $77.7K. This region supported September’s advance, making it an important test for the broader recovery. However, the latest candles show only limited stabilization following the selloff. Holding demand could produce a relief bounce toward $78K–$80K, but buyers would need to reclaim the broken midpoint around $81K to demonstrate a more meaningful improvement. The bearish continuation scenario remains favored while the price stays beneath these lost levels. A sustained breakdown below $75K would expose the channel’s rising lower boundary around $72K–$73K. Conversely, a strong response from demand and recovery above $81K would weaken the immediate bearish structure. BTC/USDT 4-Hour Chart Th...