Analysis: Bitcoin faces resistance from the descending trendline, with short-term support in the $84,000 to $84,500 range.
According to ChainCatcher, CoinDesk analyst Omkar Godbole analyzed that the price of bitcoin has been hindered by the downward trend line since its all-time high of $126,000, failing to break through the $90,000 mark and continuing the downward pattern of the fourth quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cathie Wood's multiple funds sold 60,715 shares of Tesla stock, worth approximately $29.67 million.
Yardeni Research raises gold price forecast: aiming for $6,000 in 2026 and $10,000 by 2029
Amplify ETFs launches ETF focused on stablecoins and tokenization sectors
After the release of U.S. economic data, S&P 500 and Nasdaq 100 futures fell to lows
Trending news
MoreCrypto prices
More
