Bitcoin consolidates above $80,500 as bulls target a break back through $82,000

Bitcoin pulled back from the $82,000 area after failing to hold above $81,500, then continued lower before stabilizing. The price is now trading above $80,500 and the 100 hourly simple moving average, with a contracting triangle showing support near $80,800. A push above $81,800 and $82,000 could reopen upside targets, while rejection may keep focus on $80,800 and lower supports.