Recent market analysis highlights an important threshold for Bitcoin at 82,000 USD, representing both the average purchase cost of #ETF spot trades and the cost basis for actively participating market participants.
According to analyst Burak Kesmeci, if $BTC this support level cannot be maintained, we could see a significant downward trend that may push prices down to a Strike Price of 56,000 USD - a potential drop of 40% compared to the current value.
Looking at recent price movements, $BTC is currently trading around $89,310, indicating some recovery above the important level of $82,000 despite a 3% decrease in the last 24 hours. The 4-hour chart shows $BTC fluctuating between $89,300 and $90,277 over the past day with moderate trading volume.
Although demand from organizations through #ETF remains a key positive factor, traders should closely monitor this threshold of $82,000 as it could determine whether Bitcoin ends the year in positive or negative territory.
The information is for reference only and is not investment advice.
