$BTC What is the next trend?
Bitcoin has broken through resistance at 83k, and the market is somewhat more stable as investors begin to return. This morning, I outlined a price scenario around 83k. To me, this is a major psychological resistance zone where dip buyers may take profits. Selling pressure pushes the price down; when it falls, buying pressure reappears, creating a cycle. To break through this resistance, Bitcoin needs significant inflows to return and establish a stronger price base. Once buying pressure is strong enough, selling around 83k will gradually ease, strengthening the possibility of a breakout. The resistance zone has now been tested; we’ll have to see whether it turns into support.
$BTC
Bitcoin has broken through resistance at 83k, and the market is somewhat more stable as investors begin to return. This morning, I outlined a price scenario around 83k. To me, this is a major psychological resistance zone where dip buyers may take profits. Selling pressure pushes the price down; when it falls, buying pressure reappears, creating a cycle. To break through this resistance, Bitcoin needs significant inflows to return and establish a stronger price base. Once buying pressure is strong enough, selling around 83k will gradually ease, strengthening the possibility of a breakout. The resistance zone has now been tested; we’ll have to see whether it turns into support.
$BTC