Bitcoin has pulled back from the $87K resistance area and is now testing potential support around $79K–$82K. This zone aligns with the May swing high, the recent breakout structure, and the 50-day EMA.
Price remains below the 21-day EMA, suggesting near-term momentum has weakened. A sustained hold above the zone could support another attempt at resistance, while a breakdown may expose lower support levels.
#BTCUSD #Bitcoin #CryptoMarkets $BTC
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Price remains below the 21-day EMA, suggesting near-term momentum has weakened. A sustained hold above the zone could support another attempt at resistance, while a breakdown may expose lower support levels.
#BTCUSD #Bitcoin #CryptoMarkets $BTC
#PriceAction #TechnicalAnalysis