Markets· ★★★· bearish·

Bitcoin Rejected at $84,000 Again, $82,500 Is the Next Test

  • —Bitcoin failed to hold above $84,000, with pressure across 15-minute, hourly, 4-hour and daily charts
  • —The $84,000–85,000 zone is a major cluster of realized capital where selling may emerge
  • —Losing $82,500–82,800 would raise the risk of a move to the local low near $80,300
  • —A break below $80,300 would bring the $77,000–79,000 support area into play
Why it matters: The $82,500 level will determine whether bitcoin stays range-bound or the correction extends toward $80,000.
Source: Happycoin.club