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Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout

crypto CoinDesk By Sam Reynolds Tue, 12 May 2026 04:07:12 GMT 1 min read
Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout

BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.

BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.

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