CryptoQuant: $83,000-$86,000 zone is critical resistance for bitcoin
- —BTC trades near $81,000, with the $83,000-$86,000 zone as critical resistance
- —SOPR holds above 1, indicating profit-taking sales dominate
- —Bitcoin network hashrate has resumed growth, according to CryptoQuant
- —The $76,000-$78,000 range is the main support for sustaining the rebound
Why it matters: A break above $83,000-$86,000 would open the way for the rally to continue, while losing $76,000-$78,000 would cancel the current rebound.
Source: Coin Türk