Bitcoin Faces Key Resistance as Analysts Suggest Potential $80,000 Retest

Bitcoin

Bitcoin Faces Key Resistance as Analysts Suggest Potential $80,000 Retest

Bitcoin is battling for stability around the $90,000 level after failing to hold above $91,800 post-FOMC meeting. Analysts highlight key resistance at $91,800 and support at $89,500, with on-chain data showing realized losses at -18%, far from capitulation zones, suggesting underlying resilience in the market structure.

• Bitcoins failure to hold $91,800 has increased short-term pressure, with traders eyeing potential retests of lower supports.
• Key support at $89,500 remains critical; a break below could lead to an $80,000 retest and formation of a double-bottom pattern.
• On-chain realized losses stand at -18%, well above the -37% threshold seen in historical bottoms, indicating no major capitulation yet.

What Are the Key Resistance Levels for Bitcoin Right Now？

Bitcoins key resistance levels currently center on the $91,800 mark, which the asset failed to sustain after the recent FOMC meeting, leading to a pullback toward the mid-$80,000 range. This level acts as a short-term pivot, where reclaiming it could restore bullish momentum by signaling higher lows on shorter timeframes. Analysts note that while volatility persists, the broader market structure shows resilience, with no signs of a full reversal.

How Does On-Chain Data Influence Bitcoins Current Stability？

On-chain metrics provide a contrasting view to surface-level price action, revealing that Bitcoins realized losses among active traders are at -18%, a level uncomfortable for short-term holders but distant from the -37% extremes that have marked past market bottoms. According to data from Glassnode, such readings historically precede profitable accumulation phases rather than deep capitulation. This suggests the current decline, though sharp, does not indicate a cyclical reset, as long-term holders continue absorbing dips above major cost-basis clusters.

Traders like Michaël van de Poppe have emphasized this resilience, stating in a recent analysis that despite losing $91,800, Bitcoin is still forming higher lows, presenting a case for underlying strength amid the correction. Similarly, Ali from Ali Charts pointed out that opportunities to buy the dip often arise when realized losses drop below -37%, a threshold not yet approached. These insights underscore how on-chain behavior can temper fears of broader downturns.

Further supporting this, blockchain analytics from sources like CryptoQuant show steady inflows to accumulation addresses, indicating institutional confidence persists even as retail sentiment wavers. Short sentences like these highlight the datas implications: no mass exodus, limited distress selling, and potential for quick reversals if supports hold.