$BTC under pressure: next rebound to 82,972 or drop to 80,840?
According to Decrypt, Bitcoin ETFs brought in $1 billion over three days, erasing October's losses.
The price of $BTC is US$81,363, down 3.78% in 24 hours. $ZEC (-11.2%) and $NEAR (-8.1%) are also moving.
My take: the inflow of funds could provide a short-term boost, but the RSI at 40 indicates that bearish pressure remains, and the 4-hour trend is still sideways.
Key support levels are 80,840 and 79,800; resistance levels are 82,972 and 84,488. A break above 82,972 would activate the bullish scenario, with 84,488 as the target; a drop below 80,840 would invalidate that view and open the way to 79,800.
Will it break 82,972 or return to 80,840? 🟢/🔴
#Bitcoin #ETF
This is not financial advice. Do your own research before investing.
According to Decrypt, Bitcoin ETFs brought in $1 billion over three days, erasing October's losses.
The price of $BTC is US$81,363, down 3.78% in 24 hours. $ZEC (-11.2%) and $NEAR (-8.1%) are also moving.
My take: the inflow of funds could provide a short-term boost, but the RSI at 40 indicates that bearish pressure remains, and the 4-hour trend is still sideways.
Key support levels are 80,840 and 79,800; resistance levels are 82,972 and 84,488. A break above 82,972 would activate the bullish scenario, with 84,488 as the target; a drop below 80,840 would invalidate that view and open the way to 79,800.
Will it break 82,972 or return to 80,840? 🟢/🔴
#Bitcoin #ETF
This is not financial advice. Do your own research before investing.