đ¨ $BTC JUST LOST $84K â WHATâS NEXT? đ
Bitcoin is facing fresh selling pressure today, dropping below the $84K level after another rejection near the $87K resistance.
More than $487M in leveraged long positions were liquidated during the latest move, adding fuel to the sell-off. (The Block)
đ Why is BTC under pressure?
⢠Rising oil prices
⢠Higher U.S. Treasury yields
⢠Stronger dollar
⢠Heavy long liquidations
⢠Rejection around $87K resistance (MarketWatch)
đ Key levels to watch:
đ´ Resistance: $86Kâ$87K
đ˘ Support: $82Kâ$84K
â ď¸ Losing the $82K area could open the door to deeper downside.
But if BTC can reclaim $86Kâ$87K, the bearish pressure could quickly weaken.
Is this just a healthy correction⌠or the start of another bigger drop? đ
$NMR $GTC #Bitcoin #Crypto
Bitcoin is facing fresh selling pressure today, dropping below the $84K level after another rejection near the $87K resistance.
More than $487M in leveraged long positions were liquidated during the latest move, adding fuel to the sell-off. (The Block)
đ Why is BTC under pressure?
⢠Rising oil prices
⢠Higher U.S. Treasury yields
⢠Stronger dollar
⢠Heavy long liquidations
⢠Rejection around $87K resistance (MarketWatch)
đ Key levels to watch:
đ´ Resistance: $86Kâ$87K
đ˘ Support: $82Kâ$84K
â ď¸ Losing the $82K area could open the door to deeper downside.
But if BTC can reclaim $86Kâ$87K, the bearish pressure could quickly weaken.
Is this just a healthy correction⌠or the start of another bigger drop? đ
$NMR $GTC #Bitcoin #Crypto
