Bitcoin Hovers Near $83K as Bears Test $82.5K Support
- —Market cap near $1.673 trillion with about $23 billion in daily volume
- —Resistance at $83,500, $84,000 and the local high of $84,254
- —A break below $82,500 would expose $81,500 and the $80,308 swing low
- —RSI at 51 while MACD and momentum flash negative signals
Why it matters: Holding $82,500 keeps the recovery from $80,308 alive, but a decisive break below $80,000 would pressure the broader market.
Source: Cryptonews.net