Bitcoin Price Prediction: Can BTC Still Reach New Highs in 2026?

Bitcoin hovered near $79,900 on Sunday, Sept. 6, leaving BTC within striking distance of a resistance area around $80,500 as traders assess whether the weekend rebound can extend. A rejection could send price back toward $78,500, while holding that support would keep a recovery toward $83,000-$84,000 in play. 

Bitcoin Faces a Key Test Near $80,500

Bitcoin's short-term recovery is approaching an area where sellers could regain control, with $80,497 marked as the main resistance level before a possible pullback.

Bitcoin BTC 80.5K Rejection Level. Source: Kaz (@XBTkaz) on X

Kaz said the latest BTC advance has come on relatively low volume, while bids have appeared near $78,500. His base scenario calls for Bitcoin to test roughly $80,500 to $80,800 before potentially retracing toward the $78,500 area.

The chart places $80,497 as the immediate rejection level. A failure to establish price above that threshold would support the case for another move lower, with $78,562 — marked as the monthly open — acting as the next important reference point.

A broader demand zone extends below that level toward roughly $78,000. Kaz views that area as a potential location for continuation longs if buyers defend it. Under that scenario, a pullback would represent a reset within the recovery rather than confirmation of another sustained decline.