#StaySAFU

After Bitcoin touched $86,100 as the highest level in 24 hours, it has now retraced and is currently trading at $83,663 with a daily decrease of -2.06%.

So, are we witnessing just a healthy correction within an upward wave? Or are we facing a failure to maintain above a major resistance?

Quick analysis:

Important support: 83,000 – 81,500

Nearest resistance: 84,800 – 86,000

The RSI indicator is approaching oversold levels (37), which may pave the way for a technical rebound in the short term.

Question for the community:

Do you see this decline as a golden buying opportunity?

Or do you expect further decline towards the 80,000 levels?

Share your analysis and be part of the discussion.