Market Sentiment:
1. The price has been in a downtrend, showing a strong bearish move.
2. There is a potential resistance level ( highlighted in purple) where price struggled to break above.
3. However, the recent recovery from the bottom suggests some bullish moment.
4. The market appears to be in a short-term bullish pullback after a strong decline.
Next Move Prediction:
1. Bullish session: If Bitcoin breaks above the resistance level and sustains above $83,434 - 83,947 we could see a future recovery towards $84,200 - 84,500.
2. Bearish Session: If the price fails to break the resistance, we could see a rejection and another drop towards $82,500 or lower.
3. Netural Sessions: If the price consolidites around the current level without strong momentum, it may indicate market indecision.
Let me know if you want a detailed analysis with support/resistance zones!💲💲
