- Bitcoin continues defending the key $81K support region
- Analysts still target $85.3K and potentially $93K next
- Arthur Hayes expects BTC to eventually revisit $126K
Bitcoin continued trading near the critical $81,000 level after another failed attempt to reclaim resistance above $82,000. Analysts said the leading cryptocurrency remains at a key technical point as buyers attempt to maintain short-term momentum. At press time, Bitcoin traded around $80,900 after briefly slipping toward an intraday low near $80,700 during Tuesday’s session.
Bitcoin Price Defends 81K Support After Failed Breakout
Technical analyst TARA highlighted the importance of the $81,000 area, describing it as a major support zone for the current market structure. According to the analysis shared on X, Bitcoin could still revisit the macro 0.382 Fibonacci level near $85,300 if bullish momentum strengthens.
Price action showed sellers aggressively defending the $82,000 resistance level during recent breakout attempts. Even so, buyers continued protecting higher lows formed above the earlier $75,400 support region.
The broader setup suggests the market remains in a consolidation phase rather than a confirmed reversal. Traders are closely tracking whether Bitcoin can build enough momentum for another breakout attempt.
Short-term resistance remains concentrated between $82,000 and $85,300. A successful move through that region could expose the next major target near $93,000.
Bitcoin Long-Term Outlook Remains Bullish for Analysts
Despite recent volatility, several analysts continue to maintain a bullish longer-term outlook for Bitcoin. BitMEX co-founder Arthur Hayes recently argued that reclaiming the October 2025 all-time high near $126,000 remains highly likely.
Hayes pointed to Bitcoin’s earlier recovery from the $60,000 area as evidence of strong structural demand. From current levels near $80,000, a move back toward the previous record high would represent roughly a 55% gain.
For now, traders remain focused on whether Bitcoin can continue holding support above $81,000 while broader market sentiment stabilizes. Momentum indicators and macro conditions will likely determine whether BTC can extend its recovery toward the higher resistance zones highlighted by analysts.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.