Odaily Planet Daily reports that CryptoQuant analyst MorenoDV stated that the Bitcoin price must stay above $81,500, as this is a psychological threshold. When the Bitcoin price is above this support level, investors generally feel reassured. Another trader and analyst, Daan Crypto Trades, said that the BTC/USD price will continue to fluctuate wildly until the key support zone of $84,000 to $85,000 is broken, or the resistance level at $94,000 is breached. (Cointelegraph)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analyst: The recent psychological threshold for Bitcoin is at $81,500
Odaily Planet Daily reports that CryptoQuant analyst MorenoDV stated that the Bitcoin price must stay above $81,500, as this is a psychological threshold. When the Bitcoin price is above this support level, investors generally feel reassured. Another trader and analyst, Daan Crypto Trades, said that the BTC/USD price will continue to fluctuate wildly until the key support zone of $84,000 to $85,000 is broken, or the resistance level at $94,000 is breached. (Cointelegraph)