🚨Market Update - $BTC
Hey TRADERS on FIRE
Bitcoin has been under strong sell pressure since the rejection on Thursday near the $82,000 mark, dropping over 5% and heading for its 10th consecutive red candlestick. Right now, BTC is trying to hold above $78,100 (the low from last week), which also serves as a crucial 4-hour support zone from earlier this month. Continued movement below this level could open the floodgates for a drop towards $76,200 (monthly open) at some point next week. On the upside, the $79,500 zone is now likely to act as a strong resistance level if the price tests it again over the weekend.
Hey TRADERS on FIRE
Bitcoin has been under strong sell pressure since the rejection on Thursday near the $82,000 mark, dropping over 5% and heading for its 10th consecutive red candlestick. Right now, BTC is trying to hold above $78,100 (the low from last week), which also serves as a crucial 4-hour support zone from earlier this month. Continued movement below this level could open the floodgates for a drop towards $76,200 (monthly open) at some point next week. On the upside, the $79,500 zone is now likely to act as a strong resistance level if the price tests it again over the weekend.