Why 85,000 is important ‎#bitcoin

The 85k area was often a previous resistance or aligned with important moving averages (like the 50-day) or Fibonacci from the last upward wave, and such areas usually attract new buyers.

If the price bounces from 85k with clear trading volume and a strong reversal candle

(such as a bullish engulfing on the daily) there is hope to see a return to test the nineties levels.

However, if we see a break with a failed retest (the price breaks 85k, comes back to touch it from below, and continues to drop), this will turn support into resistance and give a sell signal, not a buying time. ‎#BTC

‎#عملات_رقمية