Bitcoin Price Analysis: Can BTC Reclaim $84K Before Another Slide Toward $77K?
Photo: CryptoPotato
Bitcoin is attempting to stabilize after another defense of the $80K demand zone. The biggest crypto asset is now trading around $82.8K and remains below the $88K resistance area that rejected its recent advance, leaving the market between a continuation of the broader recovery and a deeper correction toward lower support. Meanwhile, the Adjusted SOPR suggests that profit-taking remains moderate, although the metric has started to cool alongside the latest pullback. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC continues to trade within the ascending channel that has guided the recovery from the late-June lows near $58K.
Source: CryptoPotato
