Bitcoin is back at the same area that keeps deciding this chart.
$79K-$80K held before but this time price arrived here with lower highs behind it. Not ideal.
If $BTC can get back above $81.5K-$82K, some of that pressure comes off and another range bounce becomes possible.
Lose $79K on a daily close though and I’d watch $77.5K-$78K next.
Right now it’s sitting pretty much on the edge.
$79K-$80K held before but this time price arrived here with lower highs behind it. Not ideal.
If $BTC can get back above $81.5K-$82K, some of that pressure comes off and another range bounce becomes possible.
Lose $79K on a daily close though and I’d watch $77.5K-$78K next.
Right now it’s sitting pretty much on the edge.