Bitcoin Price Forecast: Bull Trap Risk Grows Near $82,500

Bitcoin (BTC) has rallied roughly 40% from its July low, but the recovery is now testing the critical $79,000–$82,500 resistance zone that preceded the last 30% BTC decline. With the daily RSI above 82, Bitcoin is showing increasingly overbought conditions that could trigger profit-taking. A rejection could put the 200-day EMA near $72,000 in focus, followed by the $68,000–$68,300 area. Liquidation data adds to the downside risk, with roughly $2.90 billion in leveraged long positions potentially exposed near $68,000. The bearish scenario would weaken if BTC decisively closes above $82,500, potentially turning this major resistance zone into support and strengthening the case that July marked a sustainable bottom. For the full article: https://www.fxempire.com/forecasts/article/bitcoin-price-hits-key-metric-that-preceded-last-30-btc-drop-1619449/ 🔔 *SUBSCRIBE TO OUR CHANNEL AND STAY AHEAD OF THE MARKETS* 📲 *JOIN OUR TRADING COMMUNITY FOR REAL-TIME & MARKET INSIGHTS* Telegram - https://t.me/WeAreFXEmpire WhatsApp - https://www.whatsapp.com/channel/0029VbBJXuf9sBI3x9I8AV2k 🌐 *Explore FXEmpire (Forex, Crypto, Stocks & Commodities)* 📰 Latest Market News → https://www.fxempire.com 📊 Market Forecasts → https://www.fxempire.com/forecasts 📅 Economic Calendar → https://www.fxempire.com/tools/economic-calendar 📈 Live Market Overview → https://www.fxempire.com/markets 🎓 *Learn Trading & Market Strategies (FXEmpire Academy)* 👉 https://www.fxempire.com/education 📱 *Stay Connected with FXEmpire Anywhere* Get market news, forecasts, and insights on the go: 🍏 iOS → https://apple.co/3Ljn60d 🤖 Android → https://bit.ly/3K1UE1g 🏆 *Compare Brokers & Platforms* ✔️ Broker Reviews → https://www.fxempire.com/brokers ✔️ Crypto Exchanges → https://www.fxempire.com/exchanges ✔️ Prop Firms → https://www.fxempire.com/prop-firms *Follow FXEmpire & Join the Discussion:* https://twitter.com/FXEmpirecom https://www.instagram.com/fxempirecom/ https://www.tiktok.com/@fxem