Bitcoin (BTC) is currently trading at $84,339, with bulls making multiple attempts to break the critical $84,400 resistance level. This key price zone has been a battleground for buyers and sellers, signaling a potential breakout or a possible retracement. Traders are now closely monitoring BTC’s next move, which could determine whether the cryptocurrency enters a new bullish phase or faces a downward correction.
Bitcoin Price Levels to Watch: Resistance and Support Zones
Key Resistance Levels for BTC:
✅ $84,400: The immediate breakout level where Bitcoin has faced repeated rejections. A strong push above this zone could confirm bullish control.
✅ $87,000: If BTC successfully clears $84,400, the next target is $87,000, which could fuel further buying momentum.
✅ $90,000: A highly anticipated psychological barrier that could trigger a sustained long-term rally if Bitcoin closes above it.
Critical Support Levels for BTC:
🔻 $82,000: If Bitcoin fails to break above $84,400, sellers may push prices down to this support zone, where buyers will attempt to defend the trend.
🔻 $77,000: If $82,000 fails, BTC could drop further to $77,000, a crucial level that could signal a bearish market shift if breached.
Will Bitcoin Break Out or Face a Correction?
Traders must closely monitor BTC’s movement at $84,400 to gauge its next direction:
📈 Bullish Scenario: If Bitcoin breaks and holds above $84,400, it could trigger a rally toward $87,000 and potentially $90,000, solidifying its long-term uptrend.
📉 Bearish Scenario: If BTC fails to break above $84,400 and faces rejection, a retracement toward $82,000 or lower may follow, increasing selling pressure in the market.
Market Outlook: Bitcoin at a Tipping Point
The cryptocurrency market is at a decisive moment, with Bitcoin’s next move set to determine short-term and long-term price action. Investors should stay vigilant and watch price developments closely.
