Bitcoin price briefly touched $79,400 in early Monday trading before retreating sharply, as the the $80,000 ceiling prediction held firm for yet another rejection.
The initial spike was triggered by a report that Iran had offered the United States a proposal to reopen the Strait of Hormuz, briefly lifting risk appetite across markets. The relief trade evaporated fast. Rising oil prices and unresolved geopolitical tensions reasserted control, dragging BTC back below $78,000 within hours.
Asian equities, like the Nikkei and KOSPI, both at record highs, offered little spillover support for crypto as Bitcoin has now staged multiple failed attempts. The $79,000–$80,000 band keeps acting as a rejection level, reinforcing overhead resistance.
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Bitcoin is trading below $77,000 this morning, pinned between well-defined levels. Technical composite shows 40% sell signal from 13 indicators, yet RSI sits at 62 in the neutral area still.
CoinGlass data shows dense sell liquidity stacked between $78,000 and $80,000 in two separate clusters. Analyst Elja has flagged the $78,000 zone specifically as a former support flipped resistance on the weekly chart; a failure to close above it this week stalls the entire recovery thesis.
If Bitcoin can close this week above $79,400, its first major resistance, the next target is $82,000. But another rejection at $79,000 could trigger a bear flag breakdown toward $75.,000, which could also open the door to the $73,500 demand zone.
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BTC at $78,000 for the third consecutive week starts to look like a distribution pattern rather than an accumulation. Spot buyers are absorbing resistance rather than breaking through it. For traders rotating out of range-bound large-cap exposure, the risk/reward calculus shifts toward earlier-stage infrastructure plays with asymmetric upside.
Bitcoin Hyper ($HYPER) is one project drawing attention in that context. It positions itself as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, meaning smart contract execution at sub-second latency on Bitcoin’s security layer.
The presale has raised $32.5 million at a current token price of $0.0136, with staking live and offering a high 30% APY to early participants.
The core infrastructure pitch: BTC’s trust model plus SVM’s programmability, bridged natively via a Decentralized Canonical Bridge for trustless BTC transfers.
Research Bitcoin Hyper here before the next price increase.
The post Bitcoin Price Prediction: Sell-Off Monday in Another Failed Attempt to Break Resistance appeared first on Cryptonews.
