The price of Bitcoin has risen over 5% and is currently trading above $80,000. It has surpassed the $78,000 resistance level and reached a new all-time high of $81,700. The price is now consolidating its gains and is well above the 23.6% Fibonacci retracement level. There is a bullish trend line forming with support at $80,250. If the price breaks above the $82,000 resistance level, it could continue to rise and test the $83,800 and $85,000 resistance levels. On the other hand, if the price fails to break the resistance zone, it may see a downside correction with support levels at $80,250, $78,750, and $77,500. The technical indicators are showing bullish momentum with the MACD gaining pace in the bullish zone and the RSI above the 50 level.



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