🥇 BTCUSD
Bitcoin has made several sharp downward moves aimed at sweeping liquidity. However, the price continues to hold above the local ascending trendline, indicating that buyers are still showing strength.
The asset is currently moving sideways within a range between the 83800 resistance level and the 82500 support level. A breakout in either direction could determine the price's next move.
🔼 If the price breaks and holds above 83800, further growth toward 86600 could follow;
🔽 If the price breaks and holds below 82500, while also falling below the local ascending trendline, a further decline toward 80210 is likely. $BTC
Bitcoin has made several sharp downward moves aimed at sweeping liquidity. However, the price continues to hold above the local ascending trendline, indicating that buyers are still showing strength.
The asset is currently moving sideways within a range between the 83800 resistance level and the 82500 support level. A breakout in either direction could determine the price's next move.
🔼 If the price breaks and holds above 83800, further growth toward 86600 could follow;
🔽 If the price breaks and holds below 82500, while also falling below the local ascending trendline, a further decline toward 80210 is likely. $BTC