Bitcoin trades below $81,500 as $160 million in crypto liquidations hit market

Bitcoin continued to struggle on Tuesday, slipping under $81,500 with a 1.3% loss in the last 24 hours as attempts to sustain its recovery lost steam. After briefly rebounding from a drop below $80,000, Bitcoin buyers have encountered resistance near the $84,000 to $84,714 range. This price zone marks a significant barrier that bulls have yet to overcome, resulting in ongoing consolidation between critical support and resistance levels. The continued bounce from recent lows highlights ongoing demand for Bitcoin, but traders remain cautious as broader economic influences shape price dynamics.

Source: CoinTurk News