$BTC Will decline to 75,000$ after hitting 80,000$:
Bitcoin reaches **$80,000**, a pullback to **$75,000** could indeed be possible based on several factors:
1. **Resistance at $80,000**: The $80,000 level is a strong psychological and technical resistance. If BTC reaches this point, some traders may start taking profits, which could initiate a short-term correction.
2. **Overbought Conditions**: The RSI and Stochastic RSI are both in overbought territory, indicating that the price is stretched and may need to cool off. Typically, overbought levels often lead to corrections as buyers lose momentum.
3. **Support at $75,000**: The **$75,000** level aligns with recent support zones and could act as a good retracement target if BTC pulls back. Additionally, the area around **EMA 25** (currently near $76,000) may provide support, which would help absorb selling pressure.
In summary, a pullback to **$75,000** after hitting **$80,000** is a realistic scenario, as it would allow BTC to consolidate before potentially making another move up. However, if buying momentum remains strong, it might stay above $75,000 and only dip slightly.
