Quinten Francois: Bitcoin faces resistance at $80K–$82K with key support at $74K–$75K

Quinten Francois outlines the current technical landscape for Bitcoin, identifying $80K–$82K as a major resistance area.

He highlights that key support lies at $74K–$75K, while the monthly 10 SMA is in the $72K–$73K range. The short-term holder cost basis stands at $70K, and a loss of this level could undermine the entire recovery trend for Bitcoin.

Earlier, Francois noted that a weekly close could trigger Bitcoin’s first bullish Supertrend flip since January 2023, according to recent commentary. He previously tracked Bitcoin trading near $63,000, emphasizing the importance of technical indicators such as the 200WMA and cost bases as reference levels in prior analysis. These observations provide context for the current resistance and support levels.

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