Bitcoin is dancing on the tightrope of $85,000, and what happens in the next few hours will define whether we end the year toasting or gritting our teeth. 🎢
The reality is that our reigning currency has been under fire, falling below $87,000 and putting us all to the test. Right now, the price is " regrouping ", which in street language means it's catching its breath after the beating. But be careful, as recovery is not guaranteed: the bears (those who want the price to go down) have a wall built at $88,500 and $89,350. If we don't manage to break that ceiling with strength, gravity could play its tricks again. 📉
Here I throw you the technical data so that you are not caught off guard:
The Iron Support: $85,000 is our last line of defense. If Bitcoin falls below that, we could see a quick trip to $83,500. 🛡️
The Critical Resistance: For us to breathe easy, we need BTC to close above $89,350. If that happens, the path to $90,000 and $91,200 clears up again.
The Sentiment: The RSI indicator is at 50, which means the market is at a standstill, like a traffic light on yellow. No one knows whether to speed up or slow down. 🚦
We are in a moment of consolidation where weak hands usually let go, but those who know how to read the chart understand that these pauses are necessary after so much euphoria. The important thing is not to panic and watch those key levels. Is this just a break before jumping to $100k or the start of an early winter? ❄️🔥
Do you think Bitcoin has enough strength to break the barrier of $89,350 before the week ends, or do we have to sit and wait for the market to decide its next direction?$BTC
