$BTC analysis today 📈 📉
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$BTC Amid the market volatility, Bitcoin (BTC) has been unable to reclaim the $85,000-$86,000 zone despite its weekly performance. However, some analysts suggest that a breakout from the key resistance level might be around the corner.
BTC’s recent recovery began after the US President Donald Trump paused the tariff on over 75 countries for 90 days, which sent BTC’s price back above the $80,000 mark. Amid the volatility, Bitcoin retested the key $78,500 as support and its four-month downtrend resistance, compressing between these two level.
According to market watcher Daan Crypto Trades, Bitcoin has been moving within a significant area, as it was retesting its downtrend line as well as the Daily 200 Exponential Moving Average (EMA) and Moving Average (MA), which “has been a tough price region to crack in recent weeks.”
