Bitcoin Struggles Recovery Remains Elusive

Bitcoin Faces Resistance Despite Recovery Attempts

• Bitcoin’s price started a recovery wave from the $81,200 zone.
• The price is currently trading below $83,200 and the 100 hourly Simple Moving Average.
• A bearish trend line with resistance at $83,500 is forming on the hourly BTC/USD chart.
• Immediate resistance levels are at $83,200 and $83,500.
• Major support levels are identified at $82,200 and $81,200.

Bitcoin’s price is attempting to recover from recent losses but faces significant resistance around the $83,500 mark. The price remains below key moving averages and support levels include $82,200 and $81,200.