Dossier
$80,000 price level
Coverage of $80,000 price level in the Nexus archive.
- J-Pow’s Final FOMC is TODAY. BlackRock is vacuuming up the supply. Is the $80k wall finally going to break?
Jerome Powell's final FOMC press conference as Fed Chair occurs on April 29, 2024, coinciding with BlackRock's IBIT ETF absorbing significant Bitcoin supply. Bitcoin hovers between $77,000 and $79,000, failing to break the $80,000 psychological barrier amid macroeconomic calm and anticipation of Fed leadership changes.
- 'Historical average' could push Bitcoin bottom at $57K level: Analyst
An analyst suggests Bitcoin's historical average might support a price bottom at $57,000. Bitcoin was rejected at the $80,000 resistance level, which is a key hurdle before reaching the $100,000 psychological price level.