Bitcoin price has traded near $81,300Â today as buyers weighed on improving on-chain signals, cautious derivatives positioning, and renewed geopolitical developments tied to Russia, Ukraine, and Iran.
At press time, the bulls were still in control trading at $81,357, up about 0.7% to 1% over 24 hours. According to Coincodex, in the last 24 hours, it has fluctuated between roughly $80,552 and $81,489, keeping price action inside a narrow band above the closely watched $80,000 level.
The move came as Polymarket odds for a Russia-Ukraine ceasefire by the end of 2026 showed a probability above 99%, up 49%. Concurrently, Russian President Vladimir Putin also said he believed the war was âcoming to an end" while broader negotiations remained unresolved.
Source:Â Polymarket
Bitcoin traders are watching whether the asset can remain above the $80,000 to $81,000 zone. Analysts have described this range as a short-term decision area after Bitcoin failed to hold a recent move toward $83,000.
Bitcoin Price Holds Above Key Support Zone
Technical analysts continue to focus on the low-$80,000 area. A sustained hold above this range could support another attempt toward higher resistance, while a clean loss may trigger a retest of support below $80,000.
Some traders are watching the bull market support band, made up of two moving averages sitting just below $80,000. That zone has acted as a reversal area during recent pullbacks.
Cryptic Trades said a short-term pullback toward the support band remains possible after Bitcoin rejected near higher-timeframe resistance. The analyst said the bullish case remains valid as long as Bitcoin holds above that support and the broader $75,000 region, which aligns with the April bottoming structure.
Source:Â X
Subsequently, Bitcoinâs recent move above the support band was not yet a clean breakout. Analysts note the price would need to clear the low-$80,000 area and hold there for one to two weeks to confirm stronger momentum.
#RussiaUkraineWar $BTC