Bitcoin Price Analysis: Has the $80K Drop Killed BTC’s Bullish Setup?

Bitcoin is facing renewed selling pressure after failing to continue its recent advance through the $88K resistance area. With BTC now trading around $82K, the market is approaching a key support zone that could determine whether the latest pullback remains a correction within the broader recovery or develops into a deeper bearish move. Meanwhile, the Bull-Bear Market Cycle Indicator points to a more complicated market backdrop, suggesting that the price rebound has not yet fully resolved the broader cycle uncertainty. Bitcoin Price Analysis: The Daily Chart Bitcoin continues to trade within a broad ascending channel, with the lower and upper boundaries defining the broader recovery structure. However, the latest rejection from the $88K region has weakened the short-term outlook, pushing BTC back toward a critical support area.

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