S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$81,723▼2.3% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
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Home›Crypto›Market Structure›Bitcoin struggles near $80,000 as consolidation takes…

Bitcoin struggles near $80,000 as consolidation takes hold

BTC/USD is consolidating after failing to settle above $80,000, with support flagged around $77,400 on the 4-hour chart.

Reported · Written up by our desk · Market Structure

Action Forex says Bitcoin failed to settle above $80,000 and moved into a consolidation phase.

The outlet notes a bullish trend line forming on the 4-hour BTC/USD chart, with support identified near $77,400.

Action Forex also points to Ethereum as a nearby focus, saying ETH could see a fresh surge if it closes above $2,550.

Separately, the outlet says gold retreated from recent highs and corrected below $4,520.

Latest closeGold $4,157.80 ▲0.4%|Bitcoin $81,723.06 ▼2.3%|Ethereum $2,434.28 ▼4.0%

← Newer storySilver trades flat near $66.60 ahead of key US data

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Sources

Action ForexBitcoin Faces a Key Resistance Test as Consolidation Continues

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