Bitcoin bounces to $84,199 as $84K-$85K emerges as largest distribution zone
- —Bitcoin gained 1.68% to $84,199, with $84.5K resistance left untested
- —24-hour liquidations hit $208.64 million, including $148.79 million in shorts
- —BTC-specific liquidations totaled $50.86 million, 83.9% of them short positions
- —Bitcoin Young Supply Index climbed from 1.4 to 13.2 since June
Why it matters: A break above $84K-$85K would signal buyers are back in control, while losing $82K opens the door to support at $77K-$79K.
Source: Cryptonews.net