Bitcoin fell below $84K. What do the charts show?
The math behind the drop:
24h high: $84,875.
Strong rejection at resistance.
Aggressive profit-taking.
Price pulled back to the $82,300 zone.
The battleground:
Reference price: $82,498.
1h MA(99) support: $82,504.
This is the bulls’ last line of defense.
What to watch:
Long/Short ratio: 1.44 (58.9% longs).
A break below $82.4K could trigger a liquidity hunt at $81,700.
Healthy retest or a path below $80K?
Debate.
$BTC $MAGMA $LUMIA
#BitcoinDropsBelow$84K
The math behind the drop:
24h high: $84,875.
Strong rejection at resistance.
Aggressive profit-taking.
Price pulled back to the $82,300 zone.
The battleground:
Reference price: $82,498.
1h MA(99) support: $82,504.
This is the bulls’ last line of defense.
What to watch:
Long/Short ratio: 1.44 (58.9% longs).
A break below $82.4K could trigger a liquidity hunt at $81,700.
Healthy retest or a path below $80K?
Debate.
$BTC $MAGMA $LUMIA
#BitcoinDropsBelow$84K