Bitcoin is coiling near $79,164 with a resistance wall at $79,816 directly overhead and smart money positioned long. A clean break above $80,468 opens a run toward $82,000 and above. Failure there, with price sliding back into the range it has occupied since late August, would make this the fifth rejection in the low $80,000s in three weeks and fit the textbook bull trap pattern: a run into resistance, a failed breakout, and a return to prior lows.