Bitcoin risks ‘next downtrend’ as traders diverge on fate of $82K resistance
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin failed to break the $82,000 resistance level, staying around $76,000 and remaining within a range bounded by a CME futures gap and a 200‑day upward trend line.
- JDK Analysis noted price is rotating just above the range high and warned the support zone may be retested and broken.
- BitBull warned the failure to reclaim $82,000 could signal the start of a new downtrend for BTC.
- Cryptic Trades predicted a massive catch‑up with US stocks and said bullish momentum remains strong if support holds, citing Bollinger Bands.
- CoinGlass reported roughly $330 million in liquidations across long and short positions in the past 24 hours as the market stayed range‑bound.
Why it matters: Long holders face margin pressure as support tests, while short sellers could profit if a downtrend emerges; $330 million in liquidations highlights heightened volatility and may force institutional investors to reassess crypto exposure.
Ask SkimNews
