#BTCRebound
#BTCRebound Is Um Kaser a myth?
After Bitcoin touched $86,100 as the highest level in 24 hours, it has now retreated and is currently trading at $83,663, with a daily decline of -2.06%.
So, is what we are witnessing just a healthy correction within an upward wave? Or are we facing a failure to maintain above a key resistance?
Quick Analysis:
Important support: 83,000 – 81,500
Nearest resistance: 84,800 – 86,000
The RSI indicator is approaching oversold levels (37), which may pave the way for a technical rebound in the short term.
Question for the community:
Do you see this decline as a golden buying opportunity?
Or do you expect further decline towards the 80,000 levels?
Share your analysis and be part of the discussion.
