đŻ $BTC 's make-or-break level: $82K
Bitcoin topped out above $87.4K on Sept 21, then pulled back to the $82K-$83K zone. That area matters because it's where BTC peaked in May before dropping to about $57K in June. It took months to break above it, so old resistance is now support.
What analysts are watching:
đč Jeff Anderson (STS Digital): $82K is the level to watch. A double top there means a breakdown could slip BTC into the high $70Ks.
đč Lacie Zhang (Bitget Wallet): Holding $81.5K-$83K keeps the structure bullish. A deeper correction gets likely if ETF flows turn negative for several sessions, the 10-year yield keeps rising, and $82K fails.
đč Iliya Kalchev (Nexo Dispatch): A sustained break below $80K would mean the market isn't ready to go higher for now. If support holds, price could push well past $90K.
Why the weakness? Rising Treasury yields. When safe bonds pay more, risk assets like crypto look less attractive.
â ïž Next catalyst: PCE inflation data, the Fed's preferred gauge.
đ Hold $82K and $90K+ is back on the table, with some targeting $100K.
đ Lose it and the high $70Ks come into play.
đŹ Where do you think $BTC goes from here? đ
Not financial advice. DYOR.
#bitcoin #BTC #CryptoAnalysis #BinanceSquare
Bitcoin topped out above $87.4K on Sept 21, then pulled back to the $82K-$83K zone. That area matters because it's where BTC peaked in May before dropping to about $57K in June. It took months to break above it, so old resistance is now support.
What analysts are watching:
đč Jeff Anderson (STS Digital): $82K is the level to watch. A double top there means a breakdown could slip BTC into the high $70Ks.
đč Lacie Zhang (Bitget Wallet): Holding $81.5K-$83K keeps the structure bullish. A deeper correction gets likely if ETF flows turn negative for several sessions, the 10-year yield keeps rising, and $82K fails.
đč Iliya Kalchev (Nexo Dispatch): A sustained break below $80K would mean the market isn't ready to go higher for now. If support holds, price could push well past $90K.
Why the weakness? Rising Treasury yields. When safe bonds pay more, risk assets like crypto look less attractive.
â ïž Next catalyst: PCE inflation data, the Fed's preferred gauge.
đ Hold $82K and $90K+ is back on the table, with some targeting $100K.
đ Lose it and the high $70Ks come into play.
đŹ Where do you think $BTC goes from here? đ
Not financial advice. DYOR.
#bitcoin #BTC #CryptoAnalysis #BinanceSquare
