Bitcoin at 80K Resistance: Inflation and Oil Pressure
Energy costs are triggering US inflation. Bitcoin is currently trading at 76.478 dollars (-0.41% 24h change, RSI 55.52 neutral). Facing profit-taking pressure around 80,000 dollars; US inflation data with oil surging to 110 dollars is pressuring risky assets. Since midnight UTC, up slightly from 76.060 with gains under 0.5%. Bitwise researcher Luke Deans notes that short-term holders‘ cost basis is here, predicting selling pressure on an upside breakout. Today’s US March PCE report, combined with declining Strait of Hormuz traffic, is making energy markets fragile. Trend sideways, Supertrend bearish; EMA 20: 75.534 dollars. Critical Support and Resistance Levels for BTCSupport S1: 75.575$ (⭐ Strong, 0.95% distance, Fibo 0.500/EMA20)Support S2: 71.951$ (⭐ Strong, 5.70% distance, BB Lower/Fibo 0.382)Resistance R1: 79.423$ (⭐ Strong, 4.09% distance, Fibo 0.618/Swing High)Resistance R2: 77.222$ (⭐ Medium, 1.21% distance, Ichimoku Tenkan) Fed kept rates steady at Wednesdays meeting (4 dissenting votes); open interest in derivatives fell to 119 billion dollars, liquidations hit longs. BTC futures OI down 2%, Ether 1.7%. BVIV down to 41, puts expensive on Deribit – market makers may sell into the rally. Altcoins 97% correlated to BTC, moving like BTC detailed analysis. Why Did BTC Get Stuck at the 80,000 Dollar Resistance? Pump.fun memecoin platform supports charities