The price of Bitcoin has experienced a decline below the $85,000 level and has since tested support zones at $76,500 and $76,818. However, the price has started to recover, breaking above resistance levels at $78,000 and $80,000. The price is currently trading below $84,000 and the 100 hourly Simple Moving Average, with resistance levels at $83,200, $84,000, and $85,000. If the price manages to break above the $85,000 resistance level, it may continue to rise towards $86,500, $88,000, or even $96,200. On the other hand, if the price fails to rise above the $84,000 resistance zone, it could start a fresh decline, with immediate support at $81,200, followed by $80,000, $78,000, and the main support at $75,000. Technical indicators show that the MACD is losing pace in the bullish zone, while the RSI is above the 50 level.



Other News from Today