Bitcoin’s Bullish Fate Hinges On These 2 Resistance Zones – Details
Bitcoin remains in a consolidation phase with no significant price breakout. Analysts highlight two critical resistance zones for a potential bull run: $85,470 and $92,950. The first resistance at $85,470 has seen substantial trading activity, with 1.13 million wallet addresses involved in 607,200 BTC transactions. If surpassed, the next resistance at $92,950 has lower participation but a significant impact, with 627,410 BTC traded among 795,830 active addresses. A successful breach of both zones could lead to an uptrend, while a drop below the support zone at $80,450 could hinder progress. Additionally, Bitcoin network fees have decreased by 57.3%, reflecting reduced user engagement, despite a minor price decline of 0.11%. Following new US tariffs, Bitcoin has increased by 2.2%, contrasting with traditional stock market losses.
