Bitcoin clears $80.5k, targets breakout above $81.2k

Bitcoin holds $79.2k support, targets $81.2k breakout

Bitcoin rebounded off $78.5k and printed a $80,770 high, then paused. Price stays above $79,200 trend support and the 100‑hour SMA. NewsBTC analysis

Consolidation runs above the 23.6% Fib of the $74,940 → $80,770 leg. Bulls need a close over $81,200 to extend the move. NewsBTC analysis

Key levels now:
- Resistances 80,500, 80,800, 81,200. Break opens 81,650, 82,000, 82,500. NewsBTC analysis
- Supports 79,200, 78,500. Next 77,850 (50% Fib), 77,150, main 76,500. NewsBTC analysis

Setup in brief:
- Price trades above $78,800 and the 100‑hour SMA. NewsBTC context on the 100‑hour SMA
- Bullish trend line holds at $79,200 on the hourly BTC/USD chart. Hourly chart, NewsBTC
- MACD turns higher on the hourly. RSI sits above 50. NewsBTC indicators