Key Resistance Zone: $84,000
Bitcoin is currently testing a critical resistance near the $84,000 level on the 1-hour chart. This zone is proving to be a major hurdle for bulls.
Until BTC can break and hold above it, the rally remains at risk of stalling.
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Scenario 1: Rejection at $84K ❗
If BTC fails to close above $84K with conviction, it may be a signal of fading bullish strength.
Downside Outlook:
Support zone: $77,000
This level could attract strong buying interest
A move toward $77K would confirm a short-term bearish trend and could set the stage for a bounce later
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Scenario 2: Breakout Above $84K 🚀
A strong breakout with volume above $84,000 flips the script.
Bullish Outlook:
Reclaims momentum
Opens the door to new highs
Sends a signal that bulls are still in control
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What to Watch 🔎
Volume: A breakout without volume = fakeout risk
Candle closes: Watch for confirmation on the 1H and 4H charts
Market sentiment: Stay tuned to global markets and altcoin behavior
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Final Words for Binance Square Family 🧠
Right now, BTC is at a make-or-break moment. Until $84K is cleanly broken, bearish pressure could creep in.
Play smart, manage risk, and remember—support and resistance are key in fast markets.
Watch $84K. Watch $77K. React, don't predict.