Bitcoin risks fall below $80,000 as Fed meeting nears, hard retest at $82,800

Bitcoin ‘s price has stabilized within a narrow range between $82,900 and $83,000, hovering near a key psychological support zone. Following a strong rally in the autumn months, the leading cryptocurrency has now moved into what technical analysts describe as a “hard retest,” revisiting a previously breached resistance level to gauge the strength of buyer support. The outcome of this retest is likely to shape the cryptocurrency market’s direction as the year draws to a close.

Source: CoinTurk News