Pi Network’s PI Remains Above Key Resistance, Bitcoin (BTC) Fails at $80K: Market Watch

Bitcoin tried to take down the coveted $80,000 level once again on Monday morning but was denied once again, dipping below $79,000 before it found some support.

Ethereum remains inches away from $2,500, while XRP fights for the $1.40 support. LINK, TAO, MNT, ICP, and WLD have marked major gains from the larger caps.

BTC Fails at $80K

The primary cryptocurrency’s attempts to surge past $80,000 and $81,000 have been halted every time, starting from the middle of the last full week of August. At the time, it tried twice, only to be pushed south to under $77,000 on Friday after the hawkish speech by Kevin Warsh.

Nevertheless, it rebounded over the previous weekend and tapped $79,000 last Sunday before the resumed strikes in the Middle East resulted in another leg down to $77,000. The selling pressure built on in the following days, and BTC slipped to $76,400 on September 2/3.

This is where the bulls stepped up and didn’t allow another leg down. Instead, bitcoin went on the offensive on Thursday and skyrocketed by several grand to $82,400, the highest level reached since mid-May. Another rejection followed, though, after the strong US jobs report on Friday, and BTC dived to $78,800.

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