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Bitcoin’s upward momentum has weakened after hitting the key $80,500-$82,500 resistance zone, leaving the near-term outlook somewhat neutral, CryptoPotato analyzed.
According to the outlet, Bitcoin appears to be losing momentum around the $80,500-$82,500 supply zone on the daily chart, suggesting buying pressure has not generated enough additional upside to trigger the next leg higher. CryptoPotato added that the broader market structure remains positive as long as BTC stays above the $72,000-$74,400 support range, although the short-term outlook is neutral.