<b>Bitcoin's $80k Barrier: A Crucial Test for the Cryptocurrency</b>

Bitcoin's recent price surge has been characterized by a gradual shift in momentum, with the cryptocurrency rising from near $60k to over $77.6k. The move has broken above a descending channel that defined Bitcoin's structure since October 2025, with the price clearing its 100-day moving average and holding within the $75k-$80k resistance band. On the daily chart, the Relative Strength Index (RSI) is trending higher around 60, indicating improving momentum.

The former channel boundary and the 100-day MA near $74k-$75k are now key support levels, with the price successfully retesting them before pushing higher. However, the most consequential resistance test of this recovery lies directly ahead at the $80k level, which is both a psychological threshold and a horizontal supply zone.

According to on-chain analysis, the Average Spend Output Ratio (aSOPR) has been recovering from values below 1.0, indicating that coins are being spent at a profit on aggregate. If this trend continues, it could mark the point at which the market shifts from capitulation and holding to cautious participation and smart money accumulation.