Technical analysis
Support: $81,000–$82,000
Resistance: $83,300, $84,400 and $87,500
Trend: Volatile; a short-term recovery is possible if support holds.
Bullish scenario: A sustained break above $83,300 could open a move toward $84,400.
Bearish scenario: A break below $81,000 could trigger further losses.
My view
$BTC Bitcoin is showing signs of a rebound after a recent decline, but confirmation is needed before calling it a strong recovery. Avoid entering a trade based on one price movement alone.
Trading tip: Wait for confirmation and use a stop-loss. Cryptocurrency trading carries a high risk of loss.#ZcashTargetsJanuaryForQuantumResistantPayments #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #SenBlumenthalProbesCantorFitzgeraldTetherTies
Support: $81,000–$82,000
Resistance: $83,300, $84,400 and $87,500
Trend: Volatile; a short-term recovery is possible if support holds.
Bullish scenario: A sustained break above $83,300 could open a move toward $84,400.
Bearish scenario: A break below $81,000 could trigger further losses.
My view
$BTC Bitcoin is showing signs of a rebound after a recent decline, but confirmation is needed before calling it a strong recovery. Avoid entering a trade based on one price movement alone.
Trading tip: Wait for confirmation and use a stop-loss. Cryptocurrency trading carries a high risk of loss.#ZcashTargetsJanuaryForQuantumResistantPayments #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #SenBlumenthalProbesCantorFitzgeraldTetherTies