$BTC tests 81,770: breakdown or bounce?
Chainalysis reveals why the U.S. is accumulating BTC while the rest of the world prefers stablecoins, according to CriptoNoticias (5.1 hours ago).
$BTC is trading at US$81,443, down 0.19% over 24 hours. The 24-hour range is between US$80,820 and US$81,770, with EMA20 at 81,852, EMA50 at 82,453, and RSI14 at 43.1.
My take: institutional buying in the U.S. suggests confidence in the asset over the medium term, but the fact that the rest of the world prefers stablecoins indicates short-term selling pressure.
$NEAR (-4.1%) and $ZEC (-2.4%) are also moving.
Key support levels are at 80,888 and 80,394; resistance levels are at 81,770 and 82,838. If it breaks above 81,770, the next target is 82,838 (bullish scenario). If it falls below 80,888, support weakens and the downside target would be 80,394. Will it break above 81,770 or return to 80,888? 🟢🔴
#BTC #Chainalysis
This is not financial advice. Verify before investing.
Chainalysis reveals why the U.S. is accumulating BTC while the rest of the world prefers stablecoins, according to CriptoNoticias (5.1 hours ago).
$BTC is trading at US$81,443, down 0.19% over 24 hours. The 24-hour range is between US$80,820 and US$81,770, with EMA20 at 81,852, EMA50 at 82,453, and RSI14 at 43.1.
My take: institutional buying in the U.S. suggests confidence in the asset over the medium term, but the fact that the rest of the world prefers stablecoins indicates short-term selling pressure.
$NEAR (-4.1%) and $ZEC (-2.4%) are also moving.
Key support levels are at 80,888 and 80,394; resistance levels are at 81,770 and 82,838. If it breaks above 81,770, the next target is 82,838 (bullish scenario). If it falls below 80,888, support weakens and the downside target would be 80,394. Will it break above 81,770 or return to 80,888? 🟢🔴
#BTC #Chainalysis
This is not financial advice. Verify before investing.