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Bitcoin risks ‘next downtrend’ as traders diverge on fate of $82K resistance

From cointelegraph.com

Bitcoin (BTC) risks starting its “next downtrend” as bulls fail to break beyond $82,000, the latest analysis warns. Bitcoin traders are increasingly split on where BTC/USD will go next, but calls for lower levels are growing. “For now, price remains in range, within value, rotating just above the very key ‘range high,’” trading account JDK Analysis wrote in its latest updates on X. As Cointelegraph reported, that rangebound construction, in place through most of May, is bordered by a CME futures gap and a key 200-day trend line to the upside. With both staying in place for now, market participants are starting to ... (full story)

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  • Category: Technical Analysis