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Bitcoin is trading at $84,502, commanding a market cap of $1.67 trillion, representing 60.3% dominance in the $2.78 trillion crypto economy. With a 24-hour trading volume of $26 billion and an intraday price range between $81,294 and $84,852, bitcoin remains 22.2% below its all-time high, facing key resistance and support levels across multiple timeframes.
On the 1-hour chart, bitcoin is forming a short-term uptrend after rebounding from $81,138 to a high of $84,871. The market is printing higher highs and higher lows, supported by increasing volume, indicating building momentum. A pullback to the $83,000–$83,500 range could provide an optimal entry for short-term traders, while a breakout above $85,000 may push the price toward the $87,000–$88,000 range. However, if bitcoin fails to hold above $82,500, further downside toward $81,000 is possible.
https://news.bitcoin.com/bitcoin-price-watch-bulls-aim-for-90k-but-resistance-stands-in-the-way/ 0 reply
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