Bitcoin Struggles to Maintain $80,000 Level Amid Price Consolidation

Bitcoin failed to sustain its momentum above $80,000 after being unable to break through the $83,000–$86,000 supply zone. The asset is currently trading within a range defined by a structural floor of $62,000–$65,000 and the aforementioned resistance level. On August 27, Bitcoin dipped below the $80,000 mark.