Bitcoin (BTC) Poised for a Massive Surge or a Shocking Collapse – Critical Levels to Watch

Bitcoin (BTC) is currently trading at $84,339, with bulls making repeated attempts to break the critical $84,400 resistance level. This zone has seen intense buying pressure, as traders accumulate strength, positioning BTC for a potential breakout. The next few price movements will be crucial in determining whether BTC enters a new bullish phase or faces a correction.

Key Resistance and Support Levels to Watch

Resistance Levels:

• $84,400 – This is the immediate resistance level where BTC has faced multiple rejections. A strong push above this zone could confirm bullish dominance.
• $87,000 – If BTC successfully breaks above $84,400, the next significant target would be $87,000, potentially leading to more buying momentum.
• $90,000 – This psychological level has been a long-awaited target for buyers. A successful close above $90,000 could trigger a sustained long-term uptrend for Bitcoin.

Support Levels:

• $82,000 – If Bitcoin fails to break $84,400, sellers may drag the price back to this support level, where buyers will attempt to defend it.
• $77,000 – If $82,000 fails, BTC could drop further to $77,000, a crucial level that, if breached, may signal a market shift in favor of the bears.

What’s Next for Bitcoin (BTC)?

Traders and investors must closely monitor BTC’s behavior at the $84,400 resistance level. If bulls maintain strong momentum and break past this barrier, a rally toward $87,000 and potentially $90,000 could unfold. However, if buying pressure weakens and BTC gets rejected at $84,400, a retracement toward $82,000 or lower may occur.

The market is at a tipping point, and BTC’s next move will determine its short-term and long-term trajectory. Stay alert and watch how price action develops in the coming sessions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on X, Facebook, Telegram, and Google News