Bitcoin is recovering, but is the worst over?
$BTC is trading around the $82.8K area after dropping close to $80.4K earlier this week.
Here's what I'm watching:
đ Bullish scenario: BTC breaks above the $83Kâ$83.5K area and holds it. That could strengthen the recovery.
đ Bearish scenario: BTC fails to break resistance and falls back toward $80.4K. That would suggest sellers are still active.
For now, I'm not calling this a confirmed reversal. One green move doesn't automatically mean the market is bullish.
What's your take? Is BTC preparing for another leg up, or is this just a temporary bounce?
#Bitcoinâ #BTC #CryptoAnalysis
$BTC is trading around the $82.8K area after dropping close to $80.4K earlier this week.
Here's what I'm watching:
đ Bullish scenario: BTC breaks above the $83Kâ$83.5K area and holds it. That could strengthen the recovery.
đ Bearish scenario: BTC fails to break resistance and falls back toward $80.4K. That would suggest sellers are still active.
For now, I'm not calling this a confirmed reversal. One green move doesn't automatically mean the market is bullish.
What's your take? Is BTC preparing for another leg up, or is this just a temporary bounce?
#Bitcoinâ #BTC #CryptoAnalysis