Bitcoin Price Analysis: Is BTC’s Recovery Over as US Demand Turns Negative?
Photo: CryptoPotato
Bitcoin is trading around $83K after the rejection from the $86K to $90K resistance zone weakened short-term structure, while the Coinbase Premium Index has turned sharply negative, suggesting US-based buying demand may be fading. BTC is attempting to stabilize, but buyers need to reclaim nearby resistance to improve the outlook. Bitcoin Price Analysis: The Daily Chart Bitcoin’s daily chart shows a substantial recovery from the June lows near $58K to the recent highs around $86K. However, the rally has encountered strong resistance, and the latest price action suggests that sellers are regaining control in the short term.
Source: CryptoPotato
