Bitcoin Is Losing $80K Again — Bears Eye $78.3K

Bitcoin is back under pressure after failing to hold above $81,000. The Fed kept rates unchanged as expected, but tighter financial conditions and rising oil prices have kept risk appetite in check. BTC is now trading near $80,000, with October still on track for a monthly loss.

For intraday traders, $80,579 is the level to watch.

As long as Bitcoin stays below this resistance, the downside remains favored. The first targets are $78,750, followed by $78,321.

Momentum is also leaning bearish. RSI has fallen below 30, while MACD remains negative and below its signal line. BTC is trading below its 20- and 50-period moving averages, adding to the bearish setup.

Key levels

→ Resistance: $80,579

→ Upside targets if broken: $81,303 / $81,733

→ Downside targets: $78,750 / $78,321

Trade bias: Bearish below $80,579.