Bitcoin's current price is around $83,885, with a 0.80% increase in the past 24 hours.¹ The market capitalization is approximately $1.66 trillion, and the daily trading volume is around $45.53 billion.
*Technical Analysis:*
- Bitcoin's price remains under selling pressure, trading near $84,000 after being rejected from a key resistance level earlier this week.²
- The Relative Strength Index (RSI) is at 44.15, indicating a neutral trend.
- Moving averages suggest a neutral to sell signal.
*News and Market Sentiment:*
- The recent tariff announcement by Donald Trump has sparked liquidation in the crypto market, with Bitcoin's price falling to around $82,000.
- Some analysts predict a potential drop to $78,000, while others see a possible breakout above $90,000.
*Key Levels to Watch:*
- Resistance: $88,000 - $90,000
- Support: $78,000 - $80,000
Keep in mind that the cryptocurrency market is highly volatile, and prices can change rapidly. Always do your own research and consider multiple sources before making any trading decisions.
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