$BTC From Pump to Plunge #Bitcoin Faces Heavy Rejection Near $84.5K❗After staging a strong rally to a 24H high of $84,504.74, #Bitcoin has flipped direction with a sharp pullback to the $82,900 zone. The reversal came swiftly, with heavy selling pressure slicing through intraday gains, dragging #BTC down toward $82,265 the day’s low.
This kind of strong rejection off a high signals short-term fatigue or aggressive profit-taking, especially after such a steep climb. Price action is now hovering just above the key support range. If bulls lose grip at $82,200, we could be looking at the next potential support levels at $81,700 and $80,800.
However, if buyers step in again and defend this zone, a quick rebound may still be on the table. The current candle is deep red and backed by volume, so caution is advised.
Quick Take:
Resistance: $84,500
Immediate Support: $82,265
Next Support Zones: $81,700 / $80,800
Key Level to Watch: $82,200
For now, it’s a trader’s game of patience and discipline wait for a confirmed reversal or breakdown before calling the next direction.