Why $80,000 could be Bitcoin (BTC)’s most important level right now
- Bitcoin’s $80,000 level is a key threshold to exit the downtrend market, with a weighted cost basis set at around $79,600.
- Analysts believe that a daily and weekly candle close above $80,000 would signal a strong bullish trend, while returning most of the invested capital to a profitable state.
- Bitcoin may pull back as it approaches the resistance zone from $83,307 to $84,569; meanwhile, the key support zone from $76,996 to $78,258 is identified as a buying opportunity for the future.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin’s $80,000 level is a key threshold to exit the downtrend market, with a weighted cost basis set at around $79,600.
- Analysts believe that a daily and weekly candle close above $80,000 would signal a strong bullish trend, while returning most of the invested capital to a profitable state.
- Bitcoin may pull back as it approaches the resistance zone from $83,307 to $84,569; meanwhile, the key support zone from $76,996 to $78,258 is identified as a buying opportunity for the future.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
