Bitcoin is trying to hold above 81k
The BTC chart on the 15-minute timeframe shows sideways volatility after a strong bullish wave that peaked at 82,048, with the price currently attempting to stabilize above the 81,300 zone.
The short-term moving averages are still supporting the upward trend, but the MACD indicator shows weakness in momentum and a likelihood of continued choppiness before any new breakout.
If we break 81,570 and hold above it, the price could target the 82k area again. However, breaking support at 80,950 might trigger a correction towards 80,300
The BTC chart on the 15-minute timeframe shows sideways volatility after a strong bullish wave that peaked at 82,048, with the price currently attempting to stabilize above the 81,300 zone.
The short-term moving averages are still supporting the upward trend, but the MACD indicator shows weakness in momentum and a likelihood of continued choppiness before any new breakout.
If we break 81,570 and hold above it, the price could target the 82k area again. However, breaking support at 80,950 might trigger a correction towards 80,300