Bitcoin is heading toward 80,200: where will the decline stop?
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Yesterday’s bearish scenario played out completely: Bitcoin swept the lows and reached the previously identified 82,000 zone. That support is no longer relevant, and the nearest levels have shifted to 81,200 and then 78,600–79,500.
The key medium-term question is how price reacts around 79,000. A strong rebound and absorption of the latest decline would keep the bullish scenario intact, while a daily close below 79,000 would be grounds to reconsider it.
$BTC #BTC
If you found this analysis helpful, please support the video with a like and subscribe to the channel. 👍
Yesterday’s bearish scenario played out completely: Bitcoin swept the lows and reached the previously identified 82,000 zone. That support is no longer relevant, and the nearest levels have shifted to 81,200 and then 78,600–79,500.
The key medium-term question is how price reacts around 79,000. A strong rebound and absorption of the latest decline would keep the bullish scenario intact, while a daily close below 79,000 would be grounds to reconsider it.
$BTC #BTC