Fake Bull or.. ๐
$BTC just bounced hard from $80.3k back toward $83k after a sharp multi-day dump. Liquidations cooled, shorts got squeezed, and bulls are testing the $83k level as possible support again.
Is this a fake bull? Not yet clear. Weโre still 34% off the $126k ATH. ETF outflows and rate fears triggered the drop, not pure crypto weakness. Holding $82k+ and reclaiming $85โ87k would strengthen the case for continuation. Fail here and $80k (or lower) comes back into play.
Classic BTC: violent resets, then the real move. Stay sharp. ๐ค
#BitcoinReboundsTo$83K #NFA #DYOR
$BTC just bounced hard from $80.3k back toward $83k after a sharp multi-day dump. Liquidations cooled, shorts got squeezed, and bulls are testing the $83k level as possible support again.
Is this a fake bull? Not yet clear. Weโre still 34% off the $126k ATH. ETF outflows and rate fears triggered the drop, not pure crypto weakness. Holding $82k+ and reclaiming $85โ87k would strengthen the case for continuation. Fail here and $80k (or lower) comes back into play.
Classic BTC: violent resets, then the real move. Stay sharp. ๐ค
#BitcoinReboundsTo$83K #NFA #DYOR