BTC Faces Repeated $80K Rejection as Traders Position for Breakout

[etfs]

Bitcoin Expiring Options. Source: Deribit

Bitcoin opened at around $78,193 before slipping lower, with the $80,000–$80,600 range once again acting as a strong ceiling. This zone has repeatedly rejected price advances throughout April, reinforcing it as a key psychological barrier.

On-chain data shows strong resistance near $76,800–$80,000, while derivatives markets on platforms like Deribit reflect growing speculation around a breakout. The $80,000 call option has become one of the most traded contracts, with nearly $1.8B in notional exposure.

Despite bullish positioning in options markets, momentum has yet to confirm a breakout. Traders now appear focused on whether improving sentiment ahead of the Trump–Xi meeting can finally push BTC through its long-standing resistance zone.

[mendez]

$80,000 call option with $1.8B behind it. the market is literally screaming "UP" and the chart said no