Here Is Why The Bitcoin Price Upside Could Be Capped at $84K
Cointelegraph
Analysts suggest Bitcoin has entered a new rally, but significant resistance at $84,000 may limit further price gains.Summary
Market analysts indicate that Bitcoin has entered the early stages of a sustainable rally, evidenced by positive shifts in profitability metrics like SOPR and NUPL. While recent price gains suggest the market has bottomed out, analysts warn that upward momentum may face a major hurdle at $84,000. This resistance zone is supported by data showing that approximately 1.1 million BTC were purchased near that price point, likely triggering sell-offs as investors reach break-even levels.
(Source：Cointelegraph)