Bitcoin Price Risks Rejection Near $84K Mark

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Bitcoin could face resistance around $84,000, but if it breaks through, the next major hurdle sits at $96,000, according to CryptoQuant.

Bitcoin could hover in the low $80,000s in the near term if it fails to break through its next resistance level, CryptoQuant says, while other analysts predict the cryptocurrency will hit a fresh all-time high within the next two months.

Bitcoin “continues to rally,” it could hit resistance around the $84,000 price level, but if it breaks through, it could soar before its next resistance level of $96,000.

Bitcoin’s previous support levels are now resistance
“These price levels have acted as price support during this bull cycle but can now act as price resistance if bullish conditions don’t continue to improve,” CryptoQuant said in its report. “This has been the case in past bearish cycles.”


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