$BTC

Is the correction nearing its end?

The $BTC/USDT pair is experiencing a decline from a peak of $86,100 to current levels of $83,663. Despite the decline, the movement remains within a sideways range after a strong upward wave during the past week.

Brief Technical Analysis:

Key Support: 83,000 then 81,400

Nearby Resistance: 84,500 – 85,300

RSI Indicator is below 40, indicating a potential upcoming bullish reversal.

Market Behavior:

Trading volume remains strong, suggesting a possibility of forming a temporary bottom.

If support at 83K is maintained, we may see a retest of 85K levels.

Discussion Question:

Do you see $83,000 levels as a good buying opportunity before a new bounce?

Or is the decline not over yet?

Share your insights and predictions.

#BitcoinDunyamiz #CryptoTrading. #BinanceACGroup #Write2Earn #BTC