Analyst: Bitcoin's recent psychological threshold is at $81,500
ChainCatcher reported that CryptoQuant analyst MorenoDV_ stated that the bitcoin price must remain above $81,500, as this price serves as a psychological threshold. When bitcoin trades above this support level, investors typically feel reassured. Another trader and analyst, Daan Crypto Trades, noted that the BTC/USD price will continue to experience significant volatility until the major support in the $84,000 to $85,000 range is lost, or the resistance at $94,000 is broken.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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