$BTC Currently around $80,500 (+about 4%), rebounding from post-election lows
After a sharp drop from around $75,600, it quickly recovered, with short-term buying active. Overall, it is still fluctuating within a relatively wide range. The moving averages above (around the 50-day mark) remain a source of pressure, with no clear breakout establishing a trend.
Support: 80000 → 78000 → 76000 (a break below 76 would point to a deeper decline)
Resistance: 81500 → 82500 → 85000+ (holding above 82 would open up room to rise)
Holding 80000 is bullish; a break below 78000 calls for caution. Wait for a confirmed hold above 82 to determine the direction.
After a sharp drop from around $75,600, it quickly recovered, with short-term buying active. Overall, it is still fluctuating within a relatively wide range. The moving averages above (around the 50-day mark) remain a source of pressure, with no clear breakout establishing a trend.
Support: 80000 → 78000 → 76000 (a break below 76 would point to a deeper decline)
Resistance: 81500 → 82500 → 85000+ (holding above 82 would open up room to rise)
Holding 80000 is bullish; a break below 78000 calls for caution. Wait for a confirmed hold above 82 to determine the direction.