Bitcoin Consolidates Near $80,000 as Analysts Weigh $76,000 Support Against $250,000 Forecast

Bitcoin is consolidating near $80,000 directly on its 50-day moving average, with market signals showing potential risk of a retest toward $76,000 support before any sustained breakout. The cryptocurrency previously traded near $80,550 after gaining over 4% in 24 hours, supported by on-chain data showing 30,000 non-empty wallets cleared since October 16. The pause in momentum comes despite Cardano founder Charles Hoskinson forecasting that Bitcoin will hit $250,000 within 24 months, driven by AI agent transactions. Analysts note a break below $76,000 could trigger a drop to $65,000, while resistance remains at $85,000 to $87,000.