Bitcoin Analysis: A Recovery Attempt After the Dip
Resistance: $84,300 then $84,850
Support: $83,800 then $83,300
The price is still below the 99-day moving average at $84,267, so it needs a break above this area to confirm an improvement in momentum
A break above $84,850 may open the way for a retest of $85,255
The current move looks like an attempt to recover, but confirming the uptrend requires holding above $84,300
Resistance: $84,300 then $84,850
Support: $83,800 then $83,300
The price is still below the 99-day moving average at $84,267, so it needs a break above this area to confirm an improvement in momentum
A break above $84,850 may open the way for a retest of $85,255
The current move looks like an attempt to recover, but confirming the uptrend requires holding above $84,300
