$BTC
BTC/USDT UPDATE: Bitcoin Faces Resistance Near $83,500! ₿
Bitcoin is trading at $82,892.01, up 1.69% today. The price has recover cooled from the 24-hour low of $80,393.56 and is now approaching resistance near $83,529.
However, BTC is down 2.25% over 7 days. This makes the next move important: will buyers push through resistance, or will sellers trigger another pullback?
BTC/USDT Trading Setup
Potential LONG Entry: $82,300–$82,600, only after support confirmation.
TP1: $83,000
TP2: $83,500
TP3: $84,200
l TP4: $85,000
Stop Loss: $81,800
Important Chart Levels
- Immediate resistance: $83,000–$83,529
- Breakout confirmation: 1H candle close above $83,529 with strong volume
- First support: $82,300
- Lower support: $81,616
- Major downside zone: $80,393–$80,926
Bullish Scenario: If BTC breaks and holds above $83,529, the next potential targets are $84,200 and $85,000.
Bearish Scenario: A rejection near $83,000–$83,529 followed by a break below $82,300 could expose the $81,616 support zone.
💡 My Strategy: I would not chase BTC directly into resistance. I would wait for a confirmed breakout or a clean support retest before considering a position.
What’s your prediction? Will BTC break $83,500 and target $85,000, or revisit $81,600 first?
#BTC C #Bitcoin #BTCUSDT #CryptoTrading
BTC/USDT UPDATE: Bitcoin Faces Resistance Near $83,500! ₿
Bitcoin is trading at $82,892.01, up 1.69% today. The price has recover cooled from the 24-hour low of $80,393.56 and is now approaching resistance near $83,529.
However, BTC is down 2.25% over 7 days. This makes the next move important: will buyers push through resistance, or will sellers trigger another pullback?
BTC/USDT Trading Setup
Potential LONG Entry: $82,300–$82,600, only after support confirmation.
TP1: $83,000
TP2: $83,500
TP3: $84,200
l TP4: $85,000
Stop Loss: $81,800
Important Chart Levels
- Immediate resistance: $83,000–$83,529
- Breakout confirmation: 1H candle close above $83,529 with strong volume
- First support: $82,300
- Lower support: $81,616
- Major downside zone: $80,393–$80,926
Bullish Scenario: If BTC breaks and holds above $83,529, the next potential targets are $84,200 and $85,000.
Bearish Scenario: A rejection near $83,000–$83,529 followed by a break below $82,300 could expose the $81,616 support zone.
💡 My Strategy: I would not chase BTC directly into resistance. I would wait for a confirmed breakout or a clean support retest before considering a position.
What’s your prediction? Will BTC break $83,500 and target $85,000, or revisit $81,600 first?
#BTC C #Bitcoin #BTCUSDT #CryptoTrading