
{"id":248057,"date":"2026-11-05T14:26:49","date_gmt":"2026-11-05T14:26:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=248057"},"modified":"2026-11-05T14:26:49","modified_gmt":"2026-11-05T14:26:49","slug":"bitcoin-price-analysis-80k-battle-rages-on-as-btcs-next-targets-come-into-focus","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=248057","title":{"rendered":"Bitcoin Price Analysis: $80K Battle Rages On as BTC\u2019s Next Targets Come Into Focus"},"content":{"rendered":"<p>Bitcoin is trading around $79.7K after a sharp rebound from the $75K region stalled near $80K. The rejection keeps BTC within a short-term corrective structure, with the price now caught between a key demand zone below and overhead resistance that buyers have repeatedly failed to clear. Meanwhile, the Adjusted SOPR is sliding back toward its key 1 threshold, suggesting that profit realization across the network is fading.<\/p>\n<h2>Bitcoin Price Analysis: The Daily Chart<\/h2>\n<p>Bitcoin continues to trade within the ascending channel that has defined its recovery from the June lows near $58K. However, after two rejections from the channel\u2019s upper boundary around $87K in September and early October, BTC began forming lower highs and slipped below the channel\u2019s midpoint late last month.<\/p>\n<p>The decline brought the price into the $75K-$78K demand zone, the order block that preceded the September rally toward $87K. Buyers responded with a long lower wick and a strong rebound, but the move stalled at the channel midline, which is now acting as resistance around $80K. Reclaiming it could pave the way for another advance toward the $87K supply zone, where the massive breakdown originated early this year.<\/p>\n<p>Conversely, a decisive daily close below $75K would invalidate the order block and leave the channel\u2019s lower boundary near $73K as the next support. A breakdown beneath this trendline would mark a clear failure of the broader recovery structure and raise the risk of a deeper move toward the low $60K region, where the price consolidated during the summer.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/11\/BTC-D-1.jpg\"><\/a><\/p>\n<h2>BTC\/USDT 4-Hour Chart<\/h2>\n<p>The 4-hour chart shows that BTC has been trading within a descending channel since the late-September highs near $87K, printing consistent lower highs and lower lows. The upper boundary has capped every notable rebound, including the October spike into the $85K supply zone, which sellers quickly absorbed.<\/p>\n<p>Yesterday, Bitcoin rallied aggressively from the $76K demand zone, which overlaps with the channel\u2019s lower boundary. The move, however, was rejected at the confluence of the upper trendline and the $80K supply zone, which represents the bearish order block where the late-October breakdown began, and the price is now slipping back below it.<\/p>\n<p>A sustained break above this confluence would mark the first breakout from the channel and could open the way toward $85K, followed by the $87K highs. Until then, rebounds remain vulnerable to overhead supply. A renewed drop below $76K would leave the descending lower boundary near $75K as the final short-term support before the daily channel floor around $73K.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/11\/BTC-4H.jpg\"><\/a><\/p>\n<h2>On-Chain Analysis<\/h2>\n<p>The Adjusted Spent Output Profit Ratio (aSOPR) on CryptoQuant measures whether coins moved on-chain are, on average, being spent at a profit or a loss, excluding outputs younger than one hour to filter out short-term noise. Readings above 1 indicate profit realization, while values below 1 suggest holders are selling at a loss. The chart displays the metric\u2019s 30-day exponential moving average.<\/p>\n<p>The indicator remained above 1 throughout the 2024\u20132025 uptrend before dropping below it in early 2026, bottoming near 0.98 as BTC fell toward $60K. It reclaimed the threshold in August alongside the rally, peaking around 1.013 in October, but has since declined sharply toward approximately 1.003.<\/p>\n<p>In healthy uptrends, the 1 level tends to act as support, as holders are reluctant to sell at a loss. A rebound from here would suggest demand is absorbing supply around the $78K zone, while a sustained drop below it would point to loss-driven selling. The metric alone does not confirm direction, but a move beneath 1 alongside a daily close below $75K would considerably strengthen the bearish case and potentially lead to another round of capitulation.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/11\/Bitcoin-Adjusted-SOPR-aSOPR-scaled.jpg\"><\/a><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-analysis-80k-battle-rages-on-as-btcs-next-targets-come-into-focus\/\">Bitcoin Price Analysis: $80K Battle Rages On as BTC\u2019s Next Targets Come Into Focus<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin is trading around $79.7K after a sharp rebound from the $75K region stalled near $80K. The rejection keeps BTC within a short-term corrective structure, with the price now caught between a key demand zone below and overhead resistance that buyers have repeatedly failed to clear. Meanwhile, the Adjusted SOPR is sliding back toward its [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-248057","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/248057"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=248057"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/248057\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=248057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=248057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=248057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}