Bitcoin has climbed back to retest its February highs, trading just below the $80,000 mark before settling into a consolidation range beneath that level. The retest confirms the zone as a meaningful technical reference point — bulls need a clean break above it to open up the next leg higher.
Consolidation at this level is a neutral read: neither a rejection nor a breakout. Traders will be watching whether volume builds on the bid side or whether the range compresses further ahead of a directional move.
Glassnode