Bitcoin rallies to $80,000, XRP holds above $1.35, Stellar and SHIB test key resistance

Bitcoin, XRP, Stellar, and Shiba Inu each experienced notable price swings, with several coins testing key technical thresholds following strong summer recoveries.

Bitcoin surges to multi-month highs but faces resistance

Bitcoin staged one of its sharpest rallies in months, climbing from around $63,000 to nearly $80,000 in a brief span. This move broke Bitcoin free from a narrow trading range between $62,000 and $65,000 that had persisted through much of July and August. As the rally gathered momentum, Bitcoin decisively moved above its most significant daily moving averages.

The 200-day moving average, now at approximately $72,060, served as a major hurdle after Bitcoin spent several months trading below it. Surpassing this level marked a pivotal shift in the coin’s technical structure. The 50-day and 100-day averages have also been left behind, currently near $68,300 and $66,750, with the 20-day EMA rising to about $71,300. This group of indicators provides a substantial support cluster below Bitcoin’s spot value.

Currently changing hands at about $79,360, Bitcoin finds itself in an overbought zone, with the relative strength index (RSI) at 77. Immediate resistance is concentrated between $80,000 and $82,000, correlating closely with the coin’s May local peak. Observers indicate that breaking above $82,000 could unlock further upside, while a pullback to $76,000–$77,000 or even a retest of $72,000 is possible if sellers take control.