Bitcoin's price has stabilized around $83,000 after being rejected from the $86,000 to $90,000 resistance zone, weakening its short-term structure.
Source
"Bitcoin Price Analysis: BTC's Recovery Falters as US Demand Weakens" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The Coinbase Premium Index, a key indicator of US-based buying demand, has turned sharply negative, suggesting a potential shift in market dynamics.
BTC · 7D · $81,047−3.3%