Bitcoin's price has returned to the $80,000 level, but a failed recovery attempt suggests a potential downturn. The loss of short-term trendline support and prominent large spot orders are key factors contributing to this uncertainty. The price is under pressure to hold above recent lows, which will determine its immediate trajectory.
Source
"Bitcoin Price Faces Crucial Test of Demand at $80K" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
BTC · 7D · $64,077−15.3%