Bitcoin reached an important zone: the 83k–84k resistance, which is major for flipping the whole market into a bullish trend.
If price holds this level, we can expect movement towards 86k to 89k. The most probable scenario is that this will happen if price holds the current zone (83k–84k).
In case of rejection, a quick dump is possible towards 82k or even further down to 77k–79k.
$211 million worth of $BTC short positions were liquidated in the past hour.
#BTC Price Analysis#
If price holds this level, we can expect movement towards 86k to 89k. The most probable scenario is that this will happen if price holds the current zone (83k–84k).
In case of rejection, a quick dump is possible towards 82k or even further down to 77k–79k.
$211 million worth of $BTC short positions were liquidated in the past hour.
#BTC Price Analysis#
