Bitcoin has bounced back from $81,200 and moved up to $83,439. But after reaching that level, the price pulled back. Right now, $BTC is trading near $82,777 on the 1H chart.
I’m watching this area because the next move could tell us a lot about where Bitcoin is heading.
Here are the levels on my chart:
Resistance: $83,050–$83,439
Support: $82,565
Next support: $82,073
Lower support: $81,580
If Bitcoin gets back above $83,050 and breaks $83,439, we could see another push higher.
On the other hand, if the price drops below $82,565, it may move down toward $82,073 or even $81,580.
For now, I don’t think there’s a need to rush into a trade. I’d rather wait and see how the price reacts at these levels. A clear move will make the next decision easier.
What do you think about $BTC right now? Will buyers push it above $83,439, or are we going to see another pullback?
NFA. Manage risk.
