Why Bitcoin's Structure Is Promising but $83,000 Remains the Key Level
Bitcoin’s hold near its 50-week moving average weakens the bear case, but weak spot demand and rising supply make $83,000 key for bullish confirmation.
Bitcoin is hovering around a level that suggests it might have found some strength, but traders are watching the $83,000 price to see if the bullish case (that it goes up) holds up or breaks down.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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