Bitcoin hovers near $78,000 after failed push above $81,000

Bitcoin was trading near $78,000 heading into the weekend after a sharp rejection from levels above $81,000 on Aug. 28, according to CryptoSlate. The market is positioned between support around $77,000 and resistance near $80,000. A confirmed move below $77,000 would expose the mid-$75,000s, putting the $75,000 area back in focus. On the upside, a recovery above $80,000 could bring the Aug. 28 high of approximately $81,300 into view, followed by the $82,000-to-$83,000 range. The price action leaves Bitcoin at a key short-term level, with traders watching whether support holds or resistance is reclaimed. The report identified Bitcoin as the main related asset in the market setup.