Bitcoin is struggling to break the resistance at 83 thousand dollars after the last market collapsed
- Bitcoin has been taken in a modest increase in prices by 3.31 % in the past 24 hours.
- The cryptocurrency was struggling to break the resistance at 80,000 dollars for several weeks.
The pendulum in the encryption market decided to swing towards the upcoming end in the past 24 hours. The leading cryptocurrencies began to show price recovery after a great fall. Meanwhile, while the tariff war has stopped, the encryption sector has arisen at work.
It is worth noting, in the past 24 hours, the largest encrypted currency, and the Bitcoin currency has been taken to increase modest prices of 3.31 %. This BTC helped raise the level of $ 83,000 again after a short visit to 80,000 dollars.
Moreover, on Monday, for the first time in 2025, digital assets fell to the level of $ 70,000, causing a stir in society. Although analysts expected this earlier, the members still express FUD during the accident.
After that, last week, Bitcoin regained its previous unification at 80 thousand dollars. The cryptocurrency is currently struggling to break its resistance of $ 83,000 as shown in its daily scheme. BTC tested the highest level per day at 84,067 dollars before correcting the current levels. At the time of this report, Bitcoin was trading at $ 83,314.01, according to CMC Data.
Will Bitcoin be able to be 90,000 dollars anytime?
When analyzing its technical indicators, Bitcoin shows positive signals. The value of Chaikin (CMF) money flow index is 0.12. This indicates an increase in the flow of capital to digital assets, which indicates positive movements in the coming days.
This statement confirms more, the RSI value is 59.40 according to TradingView data. This highlights the morale of the neutral market in the cryptocurrency. If bitcoin prices are in these positive signals, it is expected to divide the resistance of $ 80,000 and move up soon.
However, the market analyst is Ali It was identified The W channel pattern in the last price movements of Bitcoin. It is expected that this “W” can be followed by “M” means two upward movements with low prices in the middle.
Meanwhile, inside the Altcoin sector, symbols such as Magic Eden and Jasmy have shown large upward movements in the past 24 hours.
The news of the encryption was highlighted today:
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