Bitcoin Support Shifts as Price Approaches $80,000
- Bitcoin’s price recently approached $80,000 with risks of breaking below.
- Key support levels are identified between $80,920 and $78,000.
- A significant accumulation of 15,000 BTC occurred at a low point in March before selling at $87,000.
- Current Bitcoin trading is around $83,120, with notable support at $82,090 and $80,920.
- Resistance is forming near the $95,000 mark with 12,000 BTC clustered there since late March.
Bitcoin’s recent trading activity shows critical support levels forming between $80,920 and $78,000. Meanwhile, resistance is building around the $95,000 level as traders anticipate potential price peaks.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-support-thins-below-78000-as-cost-basis-clusters-shift-toward-95000/?rand=52377
