Bitcoin Holds Above $84K as Breakout Momentum Fades
- —BTC trades near $84,200, down 1.06% in 24 hours on $39.27 billion volume
- —Two rejections at $87,000 formed a range between $83,000 and $85,000
- —A break below $83,000 would expose support at $79,500
- —81% of BTC supply has been dormant for at least six months; long-term holders hold over 3 million BTC
Why it matters: Holding $83,000 preserves the recovery structure from $75,000, while a loss of the level raises the risk of a drop toward $79,500.
Source: TronWeekly