Bitcoin stalls in the mid-$78K range after rejection from local highs near $80K.

After a sharp rally into the $80K region, Bitcoin has entered a choppier, more reactive phase — a swift rejection from local highs has pulled price back toward the mid-$78K range. The move signals that buyers have yet to establish conviction above that level.

Glassnode's latest Market Pulse frames this as a transition from momentum-driven action to a consolidation regime, where each leg up is being tested rather than extended. Until the $80K zone flips to support, the near-term tape is likely to stay range-bound and sensitive to macro cues.

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