Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure

Bitcoin is trading around $80k, holding slightly above the psychological threshold that has defined the ceiling of every recovery attempt over the past three months. The ascending channel is intact, the 100-day MA reclaim is holding, and BTC is now pressing into the zone between the current price and the 200-day MA. This area is a stretch of approximately $4–$5k that contains the next meaningful resistance. Beneath a…