Bitcoin is trapped between 80 and 82 thousand... who will break first? 📊
$BTC It is trading around $81,000. The levels I'm watching today:
🔹 Support: $80,000, and below it the weekly low around $79,100.
🔹 Resistance: the $81,700 – $82,000 area, which is close to the 50-day average.
🔹 If $82,000 is broken on a daily close, the target analysts are talking about is around $84,000.
The positive scenario: holding above 80,000 and breaking 82,000 with trading volume.
The negative scenario: breaking 79,100 could open the way to the 77–78 thousand area.
And watch out: today's PCE data and tomorrow's options expiry could move the price quickly.
Not financial advice.
Where do you see Bitcoin by the end of the week?
#BinanceSquare #Bitcoin #TechnicalAnalysis
$BTC It is trading around $81,000. The levels I'm watching today:
🔹 Support: $80,000, and below it the weekly low around $79,100.
🔹 Resistance: the $81,700 – $82,000 area, which is close to the 50-day average.
🔹 If $82,000 is broken on a daily close, the target analysts are talking about is around $84,000.
The positive scenario: holding above 80,000 and breaking 82,000 with trading volume.
The negative scenario: breaking 79,100 could open the way to the 77–78 thousand area.
And watch out: today's PCE data and tomorrow's options expiry could move the price quickly.
Not financial advice.
Where do you see Bitcoin by the end of the week?
#BinanceSquare #Bitcoin #TechnicalAnalysis
