Bitcoin cooling off after liquidity grab, with new price targets
Bitcoin is taking a short breather after a run higher, which is mildly bad for short-term traders but healthy for the longer bullish trend.
- Bitcoin is stuck under resistance near $80,000–$82,000 and is likely to chop sideways or drift lower for a few days.
- The pullback is a reset after the daily and 3-day momentum gauges got badly overheated.
- The bigger picture still looks bullish, with a weekly setup similar to the one that ended the 2022 bear market.
- Ethereum, XRP, Solana, and Chainlink are all cooling off alongside Bitcoin, none of them expected to crash.
- Solana is close to a breakout above $105 that would open the door to about a 15% move.
Outlook: A few more days of weakness and sideways trade before the larger recovery likely resumes.
## Bitcoin Levels
- **Bias:** Short-term neutral-to-bearish, longer-term bullish.
- **Buy / accumulate:** Support zone $73,000–$75,000; downside liquidity targets 76.4K–76.7K (especially 76.6K) and 75.6K.
- **Support:** $73,000–$75,000; nearer-term 76.4K–76.7K.
- **Resistance:** $80,000–$82,000; previous high at ~$82,000; remaining upside liquidity 81.6K–81.7K.
- **Targets:** Downside 76.6K, then 75.6K if it breaks; upside breakout above $82,000.
- **Invalidation:** A weekly close back above $80,000 confirms the bullish trend flip; losing 76.5K–76.6K opens the lower targets.