MakroVision has released a report on current Bitcoin price movements, analyzing support levels and potential growth opportunities.
Current Bitcoin Price and Recovery Dynamics
Bitcoin, which recently dropped to around $75,000, found strong support in this area and then entered a dynamic recovery process. However, it remains unclear whether this rise is sustainable.
Key Support and Resistance Levels
Analysts at MakroVision noted that for the rally to continue, Bitcoin needs to break out of the resistance cluster at $87,600-$89,900. This critical area may signal a trend reversal if successfully breached.
Potential Scenarios for Development
In the short term, the $81,300 level stands out as a significant support point. Analysts warn that a possible pullback below this level could significantly weaken the current bullish momentum.
MakroVision's report emphasizes the importance of support and resistance levels for Bitcoin, as well as the need for careful observation of its further movements.
