$BTC IS PUSHING TOWARD $84K — BUT CAN BUYERS HOLD THE MOMENTUM?
Bitcoin is trading around $83,404, up 2.24%, after recovering strongly from the $79,800 low.
On the 4H chart, buyers have stepped in and pushed price above the $83,000 area. BTC is now approaching its recent high at $83,713, where sellers could try to defend resistance.
Here’s what I’m watching:
- Resistance: $83,700–$84,000
- Support: $83,000, then $82,200
- Bullish scenario: A clean break above $83,713 could open the way toward $84,000 and higher.
- Bearish scenario: Rejection near resistance could trigger a pullback toward support.
Personally, I want to see BTC hold above the breakout area before calling the next leg higher. Strong candles look good, but confirmation matters.
Will BTC break $84K, or are buyers running into resistance?
Bitcoin is trading around $83,404, up 2.24%, after recovering strongly from the $79,800 low.
On the 4H chart, buyers have stepped in and pushed price above the $83,000 area. BTC is now approaching its recent high at $83,713, where sellers could try to defend resistance.
Here’s what I’m watching:
- Resistance: $83,700–$84,000
- Support: $83,000, then $82,200
- Bullish scenario: A clean break above $83,713 could open the way toward $84,000 and higher.
- Bearish scenario: Rejection near resistance could trigger a pullback toward support.
Personally, I want to see BTC hold above the breakout area before calling the next leg higher. Strong candles look good, but confirmation matters.
Will BTC break $84K, or are buyers running into resistance?