🚨 BITCOIN Market Update ⚠️
📍 Current Price: $84,772
📊 Resistance Zone: $86,000
📉 Support Zone Below: $83,300 – $83,500
As shown in the chart, Bitcoin is currently consolidating just below the $86,000 resistance level and holding within a marked demand zone. Price action remains tight, with no clear breakout yet.
🔍 Key Observations:
🟢 Price is holding within the upper range but facing repeated resistance near $86,000
🟢 Multiple rejections from the top indicate supply pressure, but no aggressive sell-off seen so far
🟢 If BTC maintains support above $83,300 – $83,500, we could see another push toward the upper resistance
🟢 A breakdown below $83,300 may open room for a deeper move toward $82,000 or lower demand levels
📊 Today’s Market Catalyst:
📌 US Unemployment Claims data is scheduled to release today and could act as a short-term trigger.
➡️ A higher-than-expected number may weaken the dollar and offer relief to risk assets like BTC, while lower claims might have the opposite effect.
⚠ Trade Smart:
Price is stuck at a decision point — wait for confirmation through a breakout above $86,000 or a breakdown below support before acting. Volatility expected around the news release.
