Bitcoin’s $80K Test: Will This VWAP Signal a Breakout or a Shakeout?

Jennifer Smith · 2026-11-02

When Bitcoin climbs back to a price level that previously acted as resistance, traders hold their breath. Will buyers step up and turn that ceiling into a floor? That’s exactly the question Brian Shannon tackles in a recent analysis featured on TradingView, focusing on the $80,000 zone where two key Anchored Volume Weighted Average Price (AVWAP) levels converge. ### The $80K Confluence: A Make-or-Break Zone Brian’s analysis centers on two AVWAPs: one anchored from Bitcoin’s all-time high and another from its August pivot. These two lines meet near $80,000, creating a confluence zone that traders are watching closely. The AVWAP from the all-time high had been acting as resistance for over a year. Now that Bitcoin has returned to that level, it’s a fresh test of whether buyers can flip that resistance into support. If you’re trading this, the reaction around $80K is your tell. A strong bounce with volume would signal that buyers are defending the level. But if price hesitates or gets rejected, it could mean the market isn’t ready to commit. > “The market’s response around that zone matters more than the zone itself.” – Brian Shannon ### The $78K Shakeout Scenario Brian also outlines a scenario where Bitcoin briefly dips below support toward $78,000. In that case, he’d be watching for a swift recovery back above $80K. That kind of shakeout often traps sellers and sets the stage for a stronger rally into year-end. But here’s the key: the recovery must be quick. A slow grind higher wouldn’t carry the same weight. The sequence matters—a drop followed by a fast reclaim shows buyers are aggressive. Without that, the breakdown could gain momentum. Of course, Bitcoin could also just push higher from here without a deeper pullback. That’s the beauty of trading—you have to be ready for multiple paths. Brian’s analysis gives you clear levels to watch either way, so you’re not caught off guard. ### Why This Matters for Your Trading Anchored VWAP is a powerful tool because it shows where the average buyer is positioned from a specific event. When two AVWAPs converge, it creates a high-probability zone for support or resistance. In this case, the $80K area is likely to see increased volume and volatility as bulls and bears battle for control. For traders, this is a chance to define risk. If you’re long, you can set stops below the confluence zone. If you’re looking to enter, a confirmed bounce off $80K could offer a low-risk entry with a target toward new highs. And if $80K fails, the $78K level becomes your next reference point. ### Follow Brian’s Work Brian’s feature on TradingView is a great example of how he uses Anchored VWAP to identify turning points. By anchoring from significant highs and pivots, he creates a roadmap for price action. If you want to see more of his analysis, check out the full article on TradingView. Remember, no single indicator is perfect. But when multiple signals align—like two AVWAPs converging at a key psychological level—it’s worth paying attention. Stay sharp, manage your risk, and let the price action guide you.