$BTC Strong bounce from 79.7K... but the real test starts now
BTC fell to 79.73K, and buyers responded strongly, pushing the price back above 82K. This is the strongest recovery attempt we’ve seen since the latest sell-off, but I wouldn’t consider the downtrend over just yet.
Next price: 82.6K
Immediate resistance: 82.4K–82.7K
Key resistance: 83.3K–84.1K
Key support: 81.4K–81.6K
Major support: 79.7K–80.5K
For now, buyers have defended the sell-off zone, but BTC still needs to reclaim the 83K+ level and hold above it before I’m convinced momentum has truly shifted.
If the price is rejected again at 82.5K–83K, sellers could quickly bring 81.5K and 80K back into focus.
79.7K was the starting point for the bounce. Now, 83K will determine whether this is a genuine recovery or just another rally to ease selling pressure.
Trade via $BTC
#BTC
BTC fell to 79.73K, and buyers responded strongly, pushing the price back above 82K. This is the strongest recovery attempt we’ve seen since the latest sell-off, but I wouldn’t consider the downtrend over just yet.
Next price: 82.6K
Immediate resistance: 82.4K–82.7K
Key resistance: 83.3K–84.1K
Key support: 81.4K–81.6K
Major support: 79.7K–80.5K
For now, buyers have defended the sell-off zone, but BTC still needs to reclaim the 83K+ level and hold above it before I’m convinced momentum has truly shifted.
If the price is rejected again at 82.5K–83K, sellers could quickly bring 81.5K and 80K back into focus.
79.7K was the starting point for the bounce. Now, 83K will determine whether this is a genuine recovery or just another rally to ease selling pressure.
Trade via $BTC
#BTC