What is the Next Resistance Level For Bitcoin Price?
BeInCrypto
Bitcoin is facing a critical resistance zone between $83,000 and $85,000, with potential for further gains if this barrier is successfully cleared.Summary
Bitcoin is currently consolidating after reclaiming the $81,000 mark, with the $83,000 to $85,000 range serving as the next major technical resistance. Breaking this barrier, which aligns with the 200-day moving average, could open a path toward $89,000 and eventually the $100,000 milestone. Technical indicators, such as a bullish weekly MACD crossover, and on-chain data, including subdued miner selling pressure, support the current recovery, even as net realized profits hit cycle highs.
(Source：BeInCrypto)