BTC cycle tracker: Bitcoin tests $81,000 support as $83,000 resistance looms

Bitcoin is testing support around $81,000. A sustained rebound hinges on clearing the key $83,000 supply wall. Bitcoin remains near the lower end of its recent range. A move above the weekly point of control at $83,000 would strengthen the recovery. The strongest weekly point of control is near $83,000, where trading activity was most concentrated over the past seven days. Bitcoin is trading around $81,178, below that key concentration level. Its weekly range is $80,200 to $84,400, leaving the market searching for direction beneath the main volume cluster. The heaviest overhead supply is concentrated between $82,400 and $83,900.

Source: TokenPost