#BitcoinRises23.6%Weekly
BTC is now 80K–82K: The real test is here
BTC is back near 80K. From the outside, it may seem like a strong move. But in my eyes, the most important area right now is this 80K–82K zone.
Because this same area acted as major resistance once in February and again in May. Both times, the price bounced back quite strongly from here. This is the third time BTC has reached this area. And this is where things get a little interesting. The third test usually shows how strong the previous sellers are. If the bulls can really keep up the pressure this time, a clear daily close above 82.5K could change a lot. Then there could be room for a move to 85K, then 88K. But I don’t want to assume bullishness just because it hits 80K. It’s more important for me to see the candle close than to chase it below resistance.
If there is another rejection from here, it would not be unusual to see a pullback towards 76K and 74K.
So the main question for me now is not where BTC is, but whether it can close daily above 82.5K.
One candle might change the whole picture. Let's see.. 👍
$BTC
BTC is now 80K–82K: The real test is here
BTC is back near 80K. From the outside, it may seem like a strong move. But in my eyes, the most important area right now is this 80K–82K zone.
Because this same area acted as major resistance once in February and again in May. Both times, the price bounced back quite strongly from here. This is the third time BTC has reached this area. And this is where things get a little interesting. The third test usually shows how strong the previous sellers are. If the bulls can really keep up the pressure this time, a clear daily close above 82.5K could change a lot. Then there could be room for a move to 85K, then 88K. But I don’t want to assume bullishness just because it hits 80K. It’s more important for me to see the candle close than to chase it below resistance.
If there is another rejection from here, it would not be unusual to see a pullback towards 76K and 74K.
So the main question for me now is not where BTC is, but whether it can close daily above 82.5K.
One candle might change the whole picture. Let's see.. 👍
$BTC