Bitcoin is attempting to stabilize after another defense of the $80K demand zone but remains below the $88K area that rejected its recent advance. Repeated rejections suggest buyers need to hold the daily channel midpoint, while on-chain data suggests profit-taking is still moderate.
Bitcoin is trading around $82.8K after another defense of the $80K demand zone. It remains below the $88K resistance area that rejected its recent advance, leaving the market between a continuation of the broader recovery and a deeper correction toward lower support.
Daily chart keeps the recovery channel intact
On the daily timeframe, BTC continues to trade within the ascending channel that has guided the recovery from the late-June lows near $58K. Sellers rejected BTC twice near $88K in late September and early October, and the price has since retreated toward the channel's midpoint.
Holding above the $80K area would keep the structure constructive and support another attempt toward the $85K supply boundary. On the downside, a daily candle close below the midpoint would likely expose the $77K order block. A breakdown beneath it would bring the lower boundary, currently around $70K, back into focus.
Four-hour chart shows lower highs
The 4-hour chart shows a series of lower highs since the rejection from the $86K-$88K region in early October, with rebounds stalling near $84K. Even so, every decline since early October has been absorbed by the $80K demand zone, which now overlaps with the channel's rising lower boundary.
If the bullish fair value gap holds on a retest, BTC could extend its relief bounce toward the $84K rebound highs, followed by the $86K supply zone. Failure to hold the gap would return the price to $80K, and a valid break below the zone and the rising trendline would expose the $75K order block.
aSOPR points to moderate profit-taking
The 30-day EMA of the Adjusted Spent Output Profit Ratio peaked near 1.013 in early October and has since begun to turn lower, indicating that profit realization is easing as the price retreats from resistance.
Current readings remain well below the 1.05–1.08 peaks recorded during the 2024 and 2025 rallies, suggesting that profit-taking is still moderate rather than euphoric. A renewed drop below 1 while BTC loses the $80K support would signal weakening conviction.
Source: CryptoPotato
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