$BTC This is make or break.
Either buyers keep on defending $83k and find the strenght to break above this descending trendline, which would likely send price back towards $87k.
Or buyers fail to hold this level and aggressive selling persists. This would shift focus lower as a break below $83k would make a sweep of the low around $80k increasingly likely.
That move would also take out the major liquidity cluster I’ve highlighted in several of my previous posts.
Either way, $83k remains our most crucial support and therefore the key level to watch for now, as it will likely decide which of these two scenarios comes into play next.
Either buyers keep on defending $83k and find the strenght to break above this descending trendline, which would likely send price back towards $87k.
Or buyers fail to hold this level and aggressive selling persists. This would shift focus lower as a break below $83k would make a sweep of the low around $80k increasingly likely.
That move would also take out the major liquidity cluster I’ve highlighted in several of my previous posts.
Either way, $83k remains our most crucial support and therefore the key level to watch for now, as it will likely decide which of these two scenarios comes into play next.
