Bitcoin Price Analysis: BTC Stalls Near $80K Ahead of a Potential Volatility Storm

Bitcoin is trading near $79K after a sharp recovery from the $60K area, but the latest price action suggests that momentum is losing some steam beneath a major resistance zone. Meanwhile, adjusted SOPR has rebounded above 1, pointing to improving on-chain profitability, although the short-term price structure still requires a breakout for the recovery to extend. Bitcoin Price Analysis: The Daily Chart The daily chart shows that BTC has staged a significant recovery from the $60K demand area, eventually reclaiming the $67K region and pushing through the $72K-$74K zone. The asset is now consolidating around $79K, just below the $80K-$82K resistance area. The mentioned resistance zone is the immediate obstacle. It has repeatedly capped the market since late August, while the yellow trendline connecting recent highs is also converging on this region. A decisive daily breakout above $82K would therefore represent an important structural development and could open the way toward the $96K resistance zone marked on the chart. On the downside, $72K-$74K is the first important support area. Momentum is also showing some divergence. The RSI surged during the initial breakout but has since for...