Bitcoin tests $80,000, BNB and ADA approach key support levels

Bitcoin is once again testing the $80,000 mark after slipping nearly 1.8% in daily trading, with the price dipping to a low of exactly $80,000 before a modest rebound. The world’s largest cryptocurrency currently hovers near $80,100 as market participants monitor whether it can sustain recent gains following a spring and summer rally. After surging from about $63,000 in August to almost $87,500 in late September, Bitcoin failed to establish a new high in early October. Since then, it has given back around 8% from its recent peak, and the chart now shows a clear sequence of lower highs, reflecting increased activity from sellers. The 50-day moving average, located near $80,300, has been pivotal for the uptrend since August.

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