Bitcoin Price Prediction: What’s Next for BTC?
Bitcoin has been struggling to maintain its momentum after dropping below the EMA20 level, pushing its price down to $81,600.
Now, traders are closely watching to see if buyers can regain control or if the bears will continue to dominate.
Will Bitcoin Drop Further?
The $83,100 level is a critical support zone for Bitcoin.
If sellers manage to keep the price below this mark, BTC could slide further to $81,000, or even touch $80,000 in the coming days. However, buyers are expected to fight back, with strong support likely between $78,000 – $80,000.
Can Bitcoin Recover?
For Bitcoin to turn bullish, it needs to reclaim $86,500, which aligns with the 50-day Simple Moving Average (SMA).
If BTC closes above this level, it could trigger a rally towards $91,000.
A continued push from buyers could even send Bitcoin to $96,000 in April.
Final Thoughts
Bitcoin’s next move depends on whether buyers or sellers take control.
A strong bounce above key resistance could fuel a recovery, while continued weakness might lead to further declines.
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