Bitcoin is back below the $79,500 level.
BTC is currently around $78,000 after repeatedly failing to reclaim $79,500, which has now become the key resistance level.
If Bitcoin can reclaim $79,500, the next major move could take us back towards $82,000.
But losing $78,000 would put more pressure on the downside, with $70,500 the next major support.
For now, BTC is still stuck in a range. The break of $79,500 or $78,000 should give us a much clearer indication of the next move.
#bitcoin
BTC is currently around $78,000 after repeatedly failing to reclaim $79,500, which has now become the key resistance level.
If Bitcoin can reclaim $79,500, the next major move could take us back towards $82,000.
But losing $78,000 would put more pressure on the downside, with $70,500 the next major support.
For now, BTC is still stuck in a range. The break of $79,500 or $78,000 should give us a much clearer indication of the next move.
#bitcoin
