Bitcoin Steady Near $80K as Hyperliquid, Flare Rally

Key Moments

Bitcoin Holds Range as Sentiment Stabilizes

Bitcoin (BTC) trades close to $80,000 at press time on Friday, as overall crypto sentiment steadies while Donald Trump visits China and the military deadlock in Iran continues. Despite this stabilization, notable strength has emerged in select altcoins, particularly Hyperliquid (HYPE) and Flare (FLR), which have posted double-digit gains over the previous 24 hours.

BTC’s price action around the $80,000 mark in recent days has kept broader market sentiment stuck in a neutral band. CoinMarketCap’s Crypto Fear and Greed Index stands at 50, underscoring the absence of a clear directional bias, while several pullbacks earlier in the month align with a pattern of bearish false starts.

Key Technical Levels for BTC

From a trend perspective, Bitcoin maintains an overall positive bias as long as it trades firmly above the 50-day Exponential Moving Average (EMA) at $76,711. On the upside, the advance is constrained beneath the 200-day EMA at $82,769, which sits near an ascending trendline overhead and represents the next structural resistance band.

The Relative Strength Index (RSI) near 59 points to constructive, but not overstretched, upside momentum. However, the Moving Average Convergence Divergence (MACD) indicator remains in negative territory following a bearish crossover on Tuesday, indicating that buying strength has begun to cool.

On the downside, the 50-day EMA at $76,711 acts as immediate technical support. If selling pressure intensifies, additional demand is anticipated near the prior trendline break level at $70,157, which could come into play should a more pronounced correction unfold.

On the topside, the first significant resistance is the 200-day EMA at $82,769. A daily close above this level would bolster the constructive outlook for BTC.

Hyperliquid Extends Breakout Above Channel Support

Hyperliquid trades above $45.00 at press time on Friday, building on Thursday’s nearly 14% advance. That move marked a firm rebound from the support trendline of a broader rising channel formation, signaling renewed demand at lower levels.

The recovery has widened the gap from the longer-term ascending support line, where the trendline break level is around $38.33, reinforcing that zone as a key demand area. A firm daily close above the April 16 peak at $45.77 would clear a path toward the upper boundary of the channel, located near the August 27 high at $51.15.

Momentum indicators are turning more favorable. The MACD has just crossed above its signal line, pushing the histogram into positive (green) territory. The RSI near 62 shows that buyers maintain control, while conditions have not yet moved into excessively overbought territory.

On the downside, initial support is located at the 50-day EMA around $40.58. Below that, the earlier trendline break area at $38.33 and the 200-day EMA near $36.22 outline a deeper support band that may attract buyers in the event of a pullback.

Flare Climbs From Double Bottom but Faces Overhead Hurdles

Flare is higher by nearly 3% at the time of writing on Friday, extending a double-bottom reversal that has developed around the $0.00735 support base. FLR trades above the 50-day EMA at $0.0082, maintaining a favorable short-term structure, although the move remains constrained beneath the 200-day EMA at $0.0109, which marks the next major resistance zone.

Momentum indicators show stretched conditions. The RSI is deep in overbought territory near 81, while the MACD line continues to trend upward alongside its signal line. This configuration signals that the prevailing uptrend is still intact but increasingly susceptible to corrective retracements.

A daily close through the $0.0100 psychological level could enable further gains toward the 200-day EMA at $0.0109, potentially turning that longer-term moving average into a more robust platform in upcoming sessions.

On the downside, the first notable support is the 50-day EMA at $0.0082. A break below that level would undermine the bullish setup and increase the risk of a deeper retracement into earlier consolidation zones under the $0.0080 mark.