Bitcoin Holds $80K Into Weekly Close as Traders Warn Dip Not Over
Bitcoin holds $80,000 into the weekly close, but traders anticipate a retest below that level before the uptrend resumes.
Bitcoin held the $80,000 level into the weekly close on Sunday, avoiding a weekend sell-off that some had feared. However, traders remain cautious, warning that the current dip may not be over and a retest below $80,000 is likely before the uptrend can deliver fresh highs.
The resilience at $80,000 is a positive sign for crypto markets, but many traders view this as a temporary pause rather than a definitive bottom. A retest of support below $80,000 would shake out weak hands and potentially set the stage for a stronger rally. Live crypto prices on NowPrice show Bitcoin trading near $80,200, with order book data indicating significant buy walls just below the round number. For digital asset traders, the key question is whether demand can absorb selling pressure at these levels or if a deeper correction is needed to reset leverage.
Looking ahead, the weekly close will be critical for momentum. If Bitcoin can hold above $80,000 through Monday, it may signal that the dip has run its course. Conversely, a breakdown below $80,000 could trigger stop-losses and accelerate selling toward the next major support at $75,000. Traders should monitor volume and open interest data for clues on market sentiment. NowPrice's real-time charts provide the latest price action and order flow to help navigate this uncertain period.