Bitcoin Holds Near $83K as Analysts Eye Correction to $79K Before Next Leg Up
- —Bitcoin trades near $83,000, down 2.2% in 24 hours on geopolitical risk
- —Doctor Profit sees a correction to $79,000 at the 50-week moving average
- —Ali Martinez: holding $82,000 could set up a rally to $100,000
- —US spot Bitcoin ETFs drew $2.39 billion last week; cumulative inflows hit $57.55 billion
Why it matters: A drop to $79,000 could offer an entry point, but a break below would invalidate the bullish setup and pressure altcoins.
Source: CryptoPotato