Bitcoin (BTC/USD) saw a slight rebound in early Monday trading as traders took profits following last week’s 13% drop. Sunday’s 5% decline added to the bearish momentum, pushing BTC toward the key $80K support zone.
Over the weekend, President Trump hosted a crypto summit with industry leaders, outlining his plan to build a strategic bitcoin reserve. However, the market reacted negatively after learning that the reserve would be funded using seized BTC, eliminating the need for additional purchases.
Technically, BTC faces strong resistance at the 200DMA ($82,998), while bearish pressure remains high. A clear break below $80K and $79,160 could trigger deeper losses toward $74,825, $71,980, and $70K. On the upside, BTC must reclaim $86,339 (38.2% Fibo) and $86,994 (10DMA) to ease selling pressure.
📉 Resistance: 82,998 | 84,032 | 86,339 | 86,994
📈 Support: 80,000 | 79,160 | 78,115 | 74,825
