Bitcoin just rejected the $85,554 supply zone for the third time, showing clear resistance on the 1H chart. With low momentum and repeated wicks at the top, a breakdown might be brewing.
Key Levels to Watch:
Supply Zone: $85,100–$86,000 (heavy resistance)
Support Zone: $83,383–$83,000 (demand cluster)
Bias: Bearish unless $85,554 is broken cleanly
What I’m Watching For:
If price closes below the mid-range (~$84,500), expect a quick move toward demand.
Break below $83,383 could open the door to $82,000.
Bullish invalidation only if we get strong volume above $86K.
Let me know in the comments: are you buying the dip or waiting for
83K?
#BTC #Bitcoin #CryptoTrading #SupplyAndDemand #PriceAction #LuxAlgo #BTCUSD #TechnicalAnalysis
Key Levels to Watch:
Supply Zone: $85,100–$86,000 (heavy resistance)
Support Zone: $83,383–$83,000 (demand cluster)
Bias: Bearish unless $85,554 is broken cleanly
What I’m Watching For:
If price closes below the mid-range (~$84,500), expect a quick move toward demand.
Break below $83,383 could open the door to $82,000.
Bullish invalidation only if we get strong volume above $86K.
Let me know in the comments: are you buying the dip or waiting for
83K?#BTC #Bitcoin #CryptoTrading #SupplyAndDemand #PriceAction #LuxAlgo #BTCUSD #TechnicalAnalysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.