Bitcoin stuck below $84K as rising yields and ETF outflows weigh on demand
- —BTC holds above its 20-period MA at $82,984 but below the 50-period MA at $83,994
- —RSI at 58.44 shows buying momentum, while CCI and Stoch RSI signal overbought conditions
- —Immediate support sits at $82,296; the daily 200-day MA is at $72,017
- —Projected range of $78,962–$86,768 with a 50/50 chance of a breakout either way
Why it matters: ETF outflows and Treasury yields remain the key drivers: a break above $86,768 opens the path to $90,000, while losing $78,962 invalidates the scenario.
Source: Cryptonews.net