The number $BTC must stay above $84,000. Why?
For Bitcoin to reach around $85,500 in the coming hours, it needs a strong breakout above the average resistance levels of: $84,600 and $84,800.
If the price closes above $84,800 with strong buying momentum, it indicates a test of $85,500 as the next resistance level.
The $84,600 and $84,800 area currently represents the "turning point," where sell orders are concentrated, and breaking through it will encourage more buyers.
If it successfully breaks through the resistance area of $85,000!! It will rise directly to the $87,000 or $88,000 areas, and here we will witness a fierce battle between sellers and buyers, as it is the strongest critical area that will take us to a new price, but not far away.
- If it fails to close above $84,800!!? In my opinion and current analysis, we might witness a disaster, possibly another sharp decline to test other new areas below. Be cautious, and I remind you that this is not financial advice.
