BTC/USDT Analysis: Climactic Moment on the Bitcoin Chart
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Bitcoin managed to hold above the local range despite seller pressure, tested the key volume zone of $85,000–$88,000, and has already shown an initial selling reaction.
Currently, a local support zone has formed at $84,800–$83,500, casting doubt on the scenario of a decline to the lower boundary. If this zone is tested and buyers react to it, the current uptrend will continue. If there is no reaction, the trend will shift to a bearish direction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.