Bitcoin Price Clings to $80K While 9 Moving Averages Favor Bears

Bitcoin is trading near $80,274, clawing back toward $81,000 but facing resistance at $80,500 to $80,900. Nine moving averages favor the bears, with the $79,146 swing low as the critical support line. A decisive break below that level would signal further downside, making it the key level for traders to watch.