Bitcoin Price Prediction: Will the $85K Rejection Send BTC Back Below $80K?

Bitcoin is consolidating around $81.6K after another rejection below the $86K-$90K region. This has extended a sequence of lower highs since late September. The asset is now testing a support confluence that could decide whether the broader ascending structure remains intact or a deeper pullback toward the September base unfolds. Meanwhile, the Spot Average Order Size metric shows that large orders continue to dominate spot activity, with little sign of the retail-driven participation that has historically accompanied market tops. Bitcoin Price Analysis: The Daily Chart Bitcoin continues to trade within a broad ascending channel that has defined the recovery from the June lows near $58K. The August rally carried the price toward the upper boundary, but repeated rejections at $86K–$87K, where the boundary meets the base of the $86K–$90K supply zone, have since pushed BTC back toward the channel’s midpoint around $80K. On the upside, buyers would first need to reclaim the $86K region to challenge the broader supply zone, which marks the area where the sharp February sell-off began. Conversely, a decisive daily close below the channel midline would bring the $75K–$78K order block into...