🚨 Bitcoin Rejected Near $81.8K.... Is Another Move Down Coming?
$BTC
is trading around $80,179, down 0.51% in 24 hours. The 1-hour chart shows a sharp rejection near $81,800, followed by a strong drop and a small sideways recovery.
📊 Technical View: RSI readings are around 44–47, showing relatively weak momentum. Buyers are trying to stabilize the price, but bullish strength is not confirmed yet.
🔑 Key Levels
Resistance: $81,382
Near support: $80,000
Major support: $79,712
Bullish Scenario: BTC regains $80,768 and breaks above $81,382 with stronger volume.
Bearish Scenario: If $80,000 fails to hold, price could retest $79,712.
💡 Pro Tip: Watch the next 1-hour candle close. A small bounce after a sharp drop doesn’t automatically mean a trend reversal. 📉📊🤝
$BTC
is trading around $80,179, down 0.51% in 24 hours. The 1-hour chart shows a sharp rejection near $81,800, followed by a strong drop and a small sideways recovery.
📊 Technical View: RSI readings are around 44–47, showing relatively weak momentum. Buyers are trying to stabilize the price, but bullish strength is not confirmed yet.
🔑 Key Levels
Resistance: $81,382
Near support: $80,000
Major support: $79,712
Bullish Scenario: BTC regains $80,768 and breaks above $81,382 with stronger volume.
Bearish Scenario: If $80,000 fails to hold, price could retest $79,712.
💡 Pro Tip: Watch the next 1-hour candle close. A small bounce after a sharp drop doesn’t automatically mean a trend reversal. 📉📊🤝