From TradingView · · 30s
Bitcoin Support Under Pressure
Bitcoin fails to recover after another drop, testing $80,000 support.
In brief
Bitcoin fails to recover after another drop, testing $80,000 support. Bitcoin's failed recovery near $81,823 leaves $80,000 support vulnerable to break. Originally reported by TradingView.
Failed Recovery
Bitcoin failed to establish a higher high near $81,823 with sellers stepping in.
Bearish EMAs
Bearish 100/50-period EMAs remain crossed and sloping lower.
Support Zone
Price returned to $80,000 support zone where buyers have repeatedly stepped in.
Key Levels
Break below $79,220 would strengthen bearish outlook; bulls need $82,000 to improve outlook.
The one thing
Bitcoin's failed recovery near $81,823 leaves $80,000 support vulnerable to break.
