Bitcoin Faces Potential Retest of $80K Support as Market Digests Rejection at Yearly High

Bitcoin’s momentum has stalled following a decisive rejection at the yearly open, prompting analysts to consider a deeper corrective phase. The failure to sustain upside above this key technical level has reintroduced bearish sentiment among traders, with several now eyeing a return to the lower $80,000 range. This pullback is viewed by seasoned market participants as a logical and healthy consolidation within the broader bull market structure, allowing the asset to cool off after its significant rally. The current weakness suggests that the market requires more time to establish a stronger foundation before attempting another leg upward. While the short-term outlook appears cautious, the fundamental thesis for Bitcoin remains unchanged, with many interpreting this dip as a standard volatility event within a long-term uptrend. Traders are now closely monitoring key support zones, with the market’s reaction around these levels likely to dictate the directional bias for the coming weeks.