Bitcoin is knocking on the $80K door again. 👀
After briefly breaking above $80K earlier this week, BTC is now hovering around that psychological level while traders wait for the next catalyst.
The interesting part? Around 8% of Bitcoin’s supply sits between $80K and $82K, creating one of the biggest supply walls in the current price structure.
At the same time, institutional demand hasn’t disappeared. BlackRock’s IBIT recently recorded record weekly trading volume, while Bitcoin ETF inflows have remained an important source of market support.
But there’s another factor traders are watching today: Jackson Hole.
Markets are preparing for upcoming central-bank comments, while sticky U.S. inflation has increased expectations for a September rate hike. KuCoin’s latest market report puts $78K as key support and $80K–$81K as the main resistance zone.
So BTC is at an interesting crossroads.
Break $82K with convincing volume, and the resistance wall starts looking weaker.
Fail here, and another consolidation phase could follow.
What are you watching — an $82K breakout or a pullback toward $78K?
#Bitcoin outperforms gold prediction #White House crypto meeting #Whale adds ETH and cbBTC #cryptonews #BitcoinETF
