$BTC is currently moving sideways as it faces strong selling pressure around the $80,000 level. The major resistance remains between $82,000 and $83,000 and #Bitcoin needs a strong breakout above this area to continue its upward move.
On the downside, the immediate support levels are around $77,000 and $75,000. As long as #BTC holds these support levels, the overall market structure remains stable.
So, the market is currently in a consolidation phase, with buyers and sellers waiting for a clear direction. A breakout above $83,000 could bring more bullish momentum, while a drop below $75,000 may lead to further downside. For now, patience is key, let's wait for a clear breakout.
#bitcoin #BTC
On the downside, the immediate support levels are around $77,000 and $75,000. As long as #BTC holds these support levels, the overall market structure remains stable.
So, the market is currently in a consolidation phase, with buyers and sellers waiting for a clear direction. A breakout above $83,000 could bring more bullish momentum, while a drop below $75,000 may lead to further downside. For now, patience is key, let's wait for a clear breakout.
#bitcoin #BTC
