BTC
81,301.14
+2.29%
I am analyzing the current price of #Bitcoin. There are some key levels: $83,000 and $78,000. Bitcoin is holding and sustaining within this range, meaning the price is stabilizing here.
If Bitcoin gives a breakout above $83,000 and manages to hold above it on the daily (1D) and weekly timeframes, then we can expect a strong upward move.
On the other hand, if we look at the daily timeframe and the price drops from here, then $BTC could easily retrace back to $72,000 or even $67,000 for a retest.