Price: around $83Kโ$84K currently. BTC dropped roughly 2โ3% recently after failing to break the $86.5Kโ$87K resistance.
- ๐ด Resistance: $86.5Kโ$87K - ๐ข Support: $83K, then around $80Kโ$82K - If BTC reclaims $87K, bullish momentum could return. - If $83K breaks decisively, a move toward $80K becomes more likely. - Main pressure right now: high U.S. Treasury yields + strong dollar + elevated oil prices.
My short-term view: โ ๏ธ Neutral/bearish until $87K is reclaimed. Long-term picture is still more constructive; Citi recently raised its 12-month BTC target to $113K.