Bitcoin is stuck between 82,700 and 79,500: waiting for a breakout from the range
Bitcoin is trading sluggishly over the weekend: volatility is low, and the price is trapped in a sloping range. The key resistance zone is 82,700; while the price remains below it, I expect sideways movement. On the downside, 80,000 is important: a break below 80,000 would open up a bearish scenario, with a path to 75,000. Metrics show buyers are stepping in, but the price has yet to react.
$BTC #BTC
Bitcoin is trading sluggishly over the weekend: volatility is low, and the price is trapped in a sloping range. The key resistance zone is 82,700; while the price remains below it, I expect sideways movement. On the downside, 80,000 is important: a break below 80,000 would open up a bearish scenario, with a path to 75,000. Metrics show buyers are stepping in, but the price has yet to react.
$BTC #BTC