๐ Bitcoin at $84K.. The market is testing the support zone
BTCโs movement today ranges from around $82,800 to $84,350, after it briefly dipped below $83,000 before reclaiming the $84,000 level.
According to Binance Research, Bitcoin fell from levels above $86,000 as U.S. bond yields rose, but immediate demand is still present; spot Bitcoin funds recorded $999 million in inflows on September 21, the largest in the year up to that point.
Key levels now: ๐น $82.5Kโ$83K: nearby support zone
๐น $84K: the current pivotal price level
๐น $86K: the most important resistance to regain momentum
Meanwhile, BTC balances on Binance have declined over the past week, while USDT balances remained high, making liquidity movement in the coming days something worth monitoring.
Conclusion: The market is in a testing phase; holding above the $83K zone will be important, while reclaiming $86K will provide a different technical signal.
#Bitcoin #BTC #Binance
BTCโs movement today ranges from around $82,800 to $84,350, after it briefly dipped below $83,000 before reclaiming the $84,000 level.
According to Binance Research, Bitcoin fell from levels above $86,000 as U.S. bond yields rose, but immediate demand is still present; spot Bitcoin funds recorded $999 million in inflows on September 21, the largest in the year up to that point.
Key levels now: ๐น $82.5Kโ$83K: nearby support zone
๐น $84K: the current pivotal price level
๐น $86K: the most important resistance to regain momentum
Meanwhile, BTC balances on Binance have declined over the past week, while USDT balances remained high, making liquidity movement in the coming days something worth monitoring.
Conclusion: The market is in a testing phase; holding above the $83K zone will be important, while reclaiming $86K will provide a different technical signal.
#Bitcoin #BTC #Binance