Analysis: Bitcoin faces resistance from the descending trendline, with short-term support in the $84,000 to $84,500 range.
According to ChainCatcher, CoinDesk analyst Omkar Godbole analyzed that the price of bitcoin has been hindered by the downward trend line since its all-time high of $126,000, failing to break through the $90,000 mark and continuing the downward pattern of the fourth quarter.
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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