
Some pretty volatile short-term price action here on $BTC… As I discussed a few days ago, if Bitcoin was able to bounce from its $80k support level and break above $82.8k, we would likely see a continuation into $85k, which is exactly what has played out! We have since seen price reject quite hard from $85k and fall back down to its support at $82.8k, which we could see act as temporary support. If we break back below $82.8k AND break the trendline that price has been forming over the past few days, then I’d expect the $80k level to be difficult for price to hold once again. Keep a VERY CLOSE EYE on price action for the rest of the week. I told y’all I had a feeling price action was going to start getting volatile again.
