Bitcoin is facing selling pressure and strong volatility after falling below the $83,000 level in recent days.
The price managed to recover above $83,000, but this rebound alone does not confirm a return to an uptrend.
The $80,000–$81,000 zone remains an important area to watch for signs of buying strength.
Outflows from Bitcoin investment funds are also raising concerns about short-term institutional demand.
A recovery above key resistance levels could support a bullish reversal, while continued selling pressure may lead to another test of lower levels.
$BTC
The price managed to recover above $83,000, but this rebound alone does not confirm a return to an uptrend.
The $80,000–$81,000 zone remains an important area to watch for signs of buying strength.
Outflows from Bitcoin investment funds are also raising concerns about short-term institutional demand.
A recovery above key resistance levels could support a bullish reversal, while continued selling pressure may lead to another test of lower levels.
$BTC