Bitcoin Price Analysis: Can BTC Reclaim $84K Before Another Slide Toward $77K?

Bitcoin is attempting to stabilize after another defense of the $80K demand zone. The biggest crypto asset is now trading around $82.8K and remains below the $88K resistance area that rejected its recent advance, leaving the market between a continuation of the broader recovery and a deeper correction toward lower support. Meanwhile, the Adjusted SOPR suggests that profit-taking remains moderate, although the metric has started to cool alongside the latest pullback. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC continues to trade within the ascending channel that has guided the recovery from the late-June lows near $58K. The sharp rally in late September carried the price into the channel’s upper boundary, which overlapped with the major supply zone around $88K. This region marks the origin of the late-January breakdown, and sellers have once again defended it, rejecting BTC twice near $88K in late September and early October. Following the rejection, the price has retreated toward the channel’s midpoint, which is currently converging with the $80K area. Buyers have so far defended the recent lows, and holding above this region would keep the structure constru...