Bitcoin Bounces, But Where Does It Go Next? Here’s What the Charts Say
Summary
Bitcoin rebounded to $82,295 after briefly falling below $80,000, while major altcoins also rose. Zcash led the top 15 coins, gaining 10.29%. Thursday’s selloff triggered $948 million in liquidations, mostly affecting leveraged long positions. Technical indicators are mixed: Bitcoin remains above its 200-day moving average, but sellers currently have momentum and the market is near resistance at $81,603. Traders are watching whether BTC can close above $84,246 or instead fall below support, with prediction-market odds showing concern about a drop to $77,500.
