Bitcoin Must Break Through This Level to Avoid a $50,000 Comedown
Cointelegraph
Bitcoin faces a critical resistance test at $84,000, with analysts warning a failure to reclaim this level could trigger a decline toward $50,000.Summary
Bitcoin is currently facing a pivotal moment as it approaches the 200-day simple moving average at $84,000, which analysts from TradingShot identify as the most critical resistance of the current bear cycle. Failure to reclaim this level may mirror 2022 market patterns, potentially leading to a corrective downturn toward $50,000. Conversely, maintaining support levels between $76,000 and $78,000 is considered essential to keeping the broader bullish market structure intact.
(Source：Cointelegraph)