Coinbase Pegs Bitcoin Resistance at $80k -- Market Talk

Dow Jones04-09 22:51

1051 ET - Coinbase Institutional says that if bitcoin holds above $72,000 to $77,000 it "favors a breakout to $80K, however the band of strong resistance has widened so playing this could be difficult." A rejection of $72,000 favors a mean reversion to around $65,000, the firm says in a note. Should bitcoin claw its way back to $80,000, then that would be the highest its traded at since early February. Bitcoin is down 1% to $70,661, according to data from LSEG. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

April 09, 2026 10:51 ET (14:51 GMT)

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Should bitcoin claw its way back to $80,000, then that would be the highest its traded at since early February. Bitcoin is down 1% to $70,661, according to data from LSEG. (kirk.maltais@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2026 10:51 ET (14:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2626135397","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626135397","pubTimestamp":1775746260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1051 ET - Coinbase Institutional says that if bitcoin holds above $72,000 to $77,000 it \"favors a breakout to $80K, however the band of strong resistance has widened so playing this could be difficult.\" A rejection of $72,000 favors a mean reversion to around $65,000, the firm says in a note. Should bitcoin claw its way back to $80,000, then that would be the highest its traded at since early February. Bitcoin is down 1% to $70,661, according to data from LSEG. 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Should bitcoin claw its way back to $80,000, then that would be the highest its traded at since early February. Bitcoin is down 1% to $70,661, according to data from LSEG. (kirk.maltais@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2026 10:51 ET (14:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2626135397","isCrawlerRequest":true}