Bitcoin Price Faces Key $80K Test as Bulls Target $82K

• Bitcoin price faces $80K resistance while bulls target $82.7K next.
• A $62K–$65K cost basis cluster could provide strong downside support.
• RSI weakness creates bearish divergence risk unless Bitcoin breaks $80K.

Bitcoin price is trading near $77,154, down 0.37%, while traders watch resistance around $80,000. The market recently swept liquidity below the lows, with analyst Michaël van de Poppe targeting $82,700. 

Meanwhile, CryptoQuant reported a cycle momentum signal suggesting a possible shift from the current downtrend toward a bullish reversal.

The $62,000–$65,000 region also remains a major cost-basis cluster.

Bitcoin Price Gains Support From Strong Holder Positioning

Bitcoin price continues to trade well above the $62,000–$65,000 accumulation zone. The large concentration of holders in this range could create stronger demand if the market experiences a deeper correction.

Van de Poppe said Bitcoin likely swept liquidity beneath recent lows before moving higher. He expects the next major level near $82,700 if buyers maintain control.

CryptoQuant also pointed to cycle momentum data that signals a potential bearish-market reversal. The indicator suggests Bitcoin could be preparing to break its broader downtrend, although price confirmation remains necessary.

The current structure still faces a key test near $80,000. Repeated attempts to move above that level have failed to establish a sustained breakout.

Bitcoin Price Technical Setup Shows Diverging Momentum

The daily chart shows Bitcoin price testing a descending trendline that has capped gains since the February 2026 peak near $97,500. The RSI currently stands at 64.46, down from 76.02, creating a potential bearish divergence.

A sustained move above $80,000 would weaken that bearish setup and expose the $85,000–$87,500 range. Conversely, rejection could send Bitcoin toward $75,000, with the 50-day SMA offering another support reference.

At press time, Bitcoin price remains caught between nearby resistance and support, leaving the $80,000 breakout level central to the next directional move.