Bitcoin is showing signs of weakness ahead of the US futures market open in the next two hours.
The key level to watch is $80,000.
If BTC fails to defend this support the next downside target could be around $76,000.
The futures open may bring increased volatility. Heavy selling pressure and a weak market reaction could push Bitcoin below $80K and trigger further downside.
For now, I’m watching how price behaves around this critical level before drawing any conclusions.
Will BTC hold $80K, or are we heading toward $76K?
#ZcashNU7ProposalWouldFreezeSproutSpending #GrayscaleAndRepublicLaunchThreeCryptoFunds $BTC
$LAB
The key level to watch is $80,000.
If BTC fails to defend this support the next downside target could be around $76,000.
The futures open may bring increased volatility. Heavy selling pressure and a weak market reaction could push Bitcoin below $80K and trigger further downside.
For now, I’m watching how price behaves around this critical level before drawing any conclusions.
Will BTC hold $80K, or are we heading toward $76K?
#ZcashNU7ProposalWouldFreezeSproutSpending #GrayscaleAndRepublicLaunchThreeCryptoFunds $BTC
$LAB