General direction:

• Current price: 83,385.20 USDT

• Decrease of -1.93% in the last 24 hours.

• The general trend is downward, but there are attempts to rebound from strong support areas.

Important levels:

• Strong support: at 83,201.97 USDT

• First resistance: at 84,276.22 USDT

• Second resistance: at 85,099.36 USDT

• Strong resistance: at 88,887.63 USDT

Technical indicators:

1. Moving averages:

• The price is currently below the moving averages, indicating continued selling pressure.

• If it breaks 84,276 USDT, we may see an upward movement towards 85,099 USDT.

2. Stochastic RSI:

• Indicates oversold conditions, and we may see a near-term upward rebound.

• The blue line crosses the orange line, which could be a bullish signal.

3. Relative Strength Index (RSI):

• Is moving in the low ranges, which may indicate a potential rebound if it maintains the current support.

Forecast:

• If Bitcoin breaks below 83,201 USDT, we may see a drop towards 82,500 USDT or lower.

• If it stabilizes above 83,201 USDT and breaks above 84,276 USDT, we may see an upward attempt towards 85,099 USDT