Bitcoin's price has rebounded to around $80,000 after a failed recovery, but it remains at risk of a significant downturn if this support level breaks.
Source
"Bitcoin Price Analysis: $80K Support Under Threat" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The cryptocurrency has been forming lower highs on its daily chart, indicating a bearish trend.
A breakdown below recent lows would put the price in a vulnerable position, with potentially large spot orders waiting to be triggered.
BTC · 7D · $64,077−15.3%