About $BTC
Bitcoin is trading around $83k (1-hour chart). It recently tested support at $82k and held well during the last hours, but buying strength is losing momentum, and if it loses this area, it might seek lower levels.
The strongest resistance is around $85k, but if the price manages to break this level with volume, there is potential to continue rising (unlikely).
The Bollinger Bands show the price oscillating very close to the average at $83k, but if it can maintain itself above this level, it might seek the upper band at $85k and stabilize.
The MACD is positive, indicating some buying pressure, but the volume is still not strong enough to confirm an uptrend.
The market remains uncertain. If BTC holds above $83k, it may continue the recovery. If it loses the support at $82k, the risk of a drop increases. Volume will be decisive in determining the next move.
I am not optimistic; I believe we will see a new drop in the next hours (or days), to the support of $81k or lower supports (most likely scenario).
