From TradingView · · 1m
BTC/USD Resistance Test: Bullish or Bearish?
Bitcoin near $83,858 tests key resistance at $84,000, $84,350 for breakout or pullback.
In brief
Bitcoin near $83,858 tests key resistance at $84,000, $84,350 for breakout or pullback. Bitcoin is testing resistance near $84,000, $84,350 with bullish momentum but needs confirmation to break higher or fall. Originally reported by TradingView.
Key Resistance Zone
Bitcoin is trading near $83,858, pushing upward after recovering from recent lows around $79,700, $80,000.
Immediate Resistance
Price faces major resistance at $84,000, $84,350, where a rejection could trigger a pullback.
Current Price Action
Buyers show strong short-term momentum but price is approaching a critical decision zone.
Bullish Scenario
A confirmed 2H close above $84,350 followed by a retest could target $84,800, $85,200 or $86,500, $86,850.
Bearish Scenario
A rejection from $84,000, $84,350 could send price toward $82,000, $82,200 and the order block at $81,200, $82,050.
Critical Confirmation
Price must close above resistance with sustained buying to avoid a pullback toward support zones.
Market Watch
Watch the candle close, retest, and price reaction before committing to a direction.
The one thing
Bitcoin is testing resistance near $84,000, $84,350 with bullish momentum but needs confirmation to break higher or fall.
