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Bitcoin (BTC) is trading in a crucial psychological zone around $80,250 – $81,000. After breaking through the $80,000 barrier earlier this week, the market is currently in a phase of consolidation as it prepares for a high-impact week of macroeconomic data.
Technical Analysis Snapshot
Current Status: BTC is maintaining its position above the $80,000 psychological support level, currently up about 0.4% in the last 24 hours.
Resistance Levels: The immediate target for bulls is $84,000. Analysts suggest that a decisive daily close above this level could clear the path for a run toward six figures ($100k) by late Q2.
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Support Levels: Strong support has formed at $75,000 (a recent retracement zone), with a major downside barrier at $71,000.
