BTC Faces Resistance Near $80K After Volatile Trading Day

Bitcoin (BTC) experienced a highly volatile trading session yesterday, initially rallying toward the critical $80,000 level amid signs of broader market recovery. Early momentum was bolstered by gains in U.S. stock indices, which helped fuel bullish sentiment and encouraged aggressive buying across crypto markets.

However, the $80K mark proved to be a formidable resistance zone. As the trading day progressed, the upward momentum in both equities and crypto began to wane. The U.S. stock markets reversed their early gains, and BTC followed suit, retreating from its highs and settling around the $77,000 level by the end of the session.

In the short term, we expect the $75,000 region to serve as a strong support level for BTC, offering a potential entry point for medium- to long-term investors. Despite the recent pullback, the broader market structure remains bullish, and underlying demand appears to be building.

From a technical perspective, the $80,000 mark continues to be the key resistance to watch. A decisive breakout above this level could trigger the next leg higher in BTC’s price action. Until then, traders can expect continued choppiness as the market consolidates and gauges macroeconomic cues.

Overall, while short-term volatility persists, the outlook remains constructive for Bitcoin, especially for those with a longer investment horizon.

Ethereum (ETH) mirrored the broader crypto market’s movements over the past 24 hours, initially participating in a recovery rally before retreating alongside a decline in U.S. equity markets. This downward pressure has since given way to a modest rebound at the time of writing, though the price action remains choppy and uncertain.

While we anticipate that ETH prices may gradually trend higher in the near term, we believe that Ethereum is likely to underperform relative to other major crypto assets during any market recovery. The $2,000 resistance zone continues to present a formidable barrier, and we do not expect a clean breakout above this level in the medium term without a significant catalyst.

In the immediate term, the $1,800 level is expected to serve as the first major support zone. A sustained drop below this level could open the door to further downside, while a successful defense may reinforce a period of consolidation.

Given the evolving macro landscape—including concerns around escalating tariff tensions and broader geopolitical instability—both bulls and bears appear to be adopting a “wait and see” approach. Market participants are likely to remain cautious until there is greater clarity on how global economic developments will unfold.

In summary, while ETH may experience brief recoveries, its path higher is expected to be gradual and potentially more muted compared to Bitcoin and other leading digital assets. A period of sideways movement and price consolidation appears likely in the near term.