Right now, Bitcoin is trading around $82,300, remaining in the volatility zone after the recent pullback. Fundamental drivers are multidirectional: on the one hand, institutional buying through ETFs continues, and lower sales by miners reduces pressure on the price. On the other hand, rising US bond yields and tensions in traditional markets are creating correction risks.



Current technical patterns point to a possible test of $80,000 as a key support level. If it holds, we can expect a retest of $85,000-87,000 in the coming days. In case of a downside breakdown, the way to $76,000 is open. Now the best strategy looks like partial profit taking in overheated areas and searching for entry points on corrections.
BTC0,46%
LOOKS6,28%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin