$BTC Key Reversal Zone? 🚨
Bitcoin is currently testing a critical support zone at $83,500 - $83,700, showing signs of a potential bounce. The current price stands at $83,665.41 (+1.45%), with BTC attempting to reclaim lost ground.
🔹 Key Levels to Watch:
Support: $83,500 (Key Demand Zone)
Resistance: $84,250 / $85,000
📈 Possible Scenarios:
1️⃣ Bullish Case: A successful bounce from the $83,500 - $83,700 range could trigger a move towards $84,250, followed by $85,000 if momentum holds.
2️⃣ Bearish Case: If BTC fails to hold above $83,500, the next major support lies at $82,320, increasing the risk of further downside.
🔥 Pro Tip:
Monitor buying volume for confirmation of a reversal. A strong reclaim above $84,250 with high volume could signal a continuation toward $85,000.