Bitcoin is still looking strong above $80k, but after a rejection from $82.8k we are now seeing a period of consolidation.
We can clearly see $80.7k (Monday High) is the exact 4hr support, and as long as this is maintained then we can still see a push higher towards that $84k - $85k zone we have been mentioning. Any 4hr acceptance below $80.7k today and most likely we test $79k-$78k before then end of the week.
Bitcoin is still looking strong and holding $80.7k (Monday High) as 4hr support. As long as this holds, we can see BTC continue towards $84k - $85k, with an outside chance of a Yearly Open retest at $87.5k. If we are lucky enough to see a retest around $79.5k, I think that looks like a good place to catch a bounce.
Bitcoin continues to move in a strong uptrend, now 6% up from the monthly open. I mentioned yesterday that any retest of $78k yesterday would determine the strength, and we can see this exact level provided a huge reaction.
The past 2 4hr candles have closed just above $80.7k (Monday High) , but there has been no clear breakout above this level yet. Consolidation above this and we can see the move continue towards $84k - $85k. I would not be surprised to see a retest of $80k - $79.5k today. $BTC $BNB $XRP #USAndIranTradeShotInTheStraitOfHormuz #CryptoDawar #Dogs #Hive #BTC
A strong move from Bitcoin at the weekly open has seen a brief retest above $80k. There are early signs of consolidation above $79.5k (Prev Month High), and if this continues then a retest towards $84k - $85k could happen in the coming days. I am also interested in watching for a retest at $78.5k (Weekly Open) as the reaction here will be a good indication of strength.
$78.6k (Weekly Open) continues to be resistance for Bitcoin. We saw deviation just above this level yesterday, but BTC has since accepted back below on the 4hr chart. This puts BTC back inside a tight weekend range of less than 1%- 4hr support $78k & 4hr resistance at $78.6k.