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The Bitcoin market has been stuck in a tight range of $81,950 and $84,497 for some time now, leaving many wondering if the cryptocurrency is primed for an imminent breakout.
Based on recent price action and market trends, it appears that Bitcoin’s support level at $81,500 could be a critical turning point. As long as this level remains intact, we can expect the asset to continue its upward momentum towards $84,497.
The current consolidation phase has left many analysts scratching their heads, trying to determine what exactly is driving these movements. It seems that traders are paying close attention to Fibonacci calculations and CME futures gaps in order to make informed decisions about their investments.
We have already seen a brief dip below the $81,555 mark, but it’s clear that any significant losses would require external stimuli from macroeconomic forces or shifts in market sentiment. As of now, all eyes remain fixed on the $84,497 level as support for further growth.
For those waiting for a signal to buy or sell, this range could be crucial in determining future price movements.
Source: https://cryptonewsland.com/btc-targets-84-5k-as-support-holds-at-81-5k-is-a-breakout-incoming/
