Important 🚨 Update $BTC
$BITCOIN is testing a critical level around the 200-day MA at $82.4K — the same resistance that triggered a major rejection during the 2022 bear market.
CryptoQuant warns that rising profit-taking, overheated trader profits, and weak macro conditions could lead to a pullback toward the $70K support zone if $BTC fails to break above resistance.
At the same time, bullish catalysts like the CLARITY Act and future liquidity expansion could fuel another rally toward new highs.
For now, Bitcoin sits at a major decision point:
Breakout above $82.4K = bullish continuation 🚀
Rejection = possible deeper correction 📉 DYOR/NFA