Bitcoin Defends $81K as $85K-$86K Becomes the Next Test
- —Bitcoin fell as low as $80,950 but held the $81,100-$81,400 zone
- —The support area aligned with the 23.6% Fibonacci level and 50-day SMA
- —Price trades near $83,550; next test is $85,000-$86,000
- —A breakdown would open $77,740 and the $72,100-$74,800 region
Why it matters: Holding $81,000 keeps the daily uptrend intact, but a move back above $85,000-$86,000 is needed to confirm the recovery.
Source: Coindoo