#MastertheMarket BTC breaks resistance at $83k again ...
BREAKOUT OR TRAP? Bitcoin has shown a strong recovery, bouncing back from a recent low of $76,606 to a high of $83,039, marking a solid increase of 5.90% over the last 24 hours. The question remains: Is BTC heading to $90K, or will the bears return to $75K?
📊 Key levels to watch:
🔺 Resistance: $83,500 – A breakout above this level could push BTC to $85,000 and $90,000 in the coming sessions.
🔻 Support: $81,500 – Staying above this level is critical; failure may trigger a decline to $79,000 or lower.
Bullish scenario: A strong close above $83,500 could lead to further growth, with FOMO buyers entering the game.
Bearish scenario: A rejection at resistance may result in profit-taking and potential re-testing of $79,000-$75,000.
💡 Final thought: BTC is at a critical point — watch for volume and confirmation of the breakout..