Bitcoin recovered roughly $7,000 between Sept. 18 and 19 after falling to $74,913 on Sept. 16, with the rebound topping out at $81,914. By early Sunday, the asset was trading near $80,438, down about 1% over the previous 24 hours. The move showed that buyers were able to push price back toward the upper end of the recent range, but not enough to keep it above the $82,000 zone.
According to the report cited by Odaily and sourced from Bitcoin.com News, Bitcoin tested the area around $82,000 twice and failed to stay above it. The report identified short-term support at $80,000 to $80,300, while resistance was placed at $81,500 to $82,300. On the daily chart, 13 out of 15 moving-average indicators were positive, and Bitcoin remained above EMA and SMA levels across time frames. Together, those readings pointed to a still-firm technical structure even as price pulled back from the recent rebound high.
Bitcoin fell to $74,913 on Sept. 16 and then rebounded by about $7,000 between Sept. 18 and 19, reaching as high as $81,914, according to an Odaily report citing Bitcoin.com News.
By early Sunday, Bitcoin was trading near $80,438, down about 1% over the past 24 hours.
Price stalls near the $82,000 zone
The report said Bitcoin tested the area around $82,000 twice but did not manage to hold there. It placed short-term support in the $80,000 to $80,300 range and resistance between $81,500 and $82,300.
Daily moving averages stay mostly positive
On the daily chart, 13 of 15 moving-average indicators were positive. Bitcoin was also trading above EMA and SMA levels across time frames.
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