Bitcoin holds $80K into weekly close as traders say BTC price dip not yet over
Bitcoin avoided a weekend drop as $80,000 stayed in place, but traders saw BTC price action dipping below before continuing higher....
Key takeaways
- 1Bitcoin held above $80,000 into weekly close with traders expecting a retest below before continuation higher.
- 2Bull Market Support Band around $75,000-$80,000 and April 2025 bottoming formation at $75,000 are key support levels to watch.
- 3US CPI data due Tuesday is already priced into BTC, but larger players may de-risk ahead of the release.
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Why it matters
Bitcoin's price stability near $80,000 signals potential for further upside if support holds, but Indian retail investors should monitor upcoming US inflation data and key support levels, as macro events can trigger sudden volatility in crypto markets.
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