Bitcoin has surged past $85,000 and is currently trading at $85,591.93, marking a 9.83% increase over the past week.
The recent price action suggests that the market structure remains constructive, but traders should be cautious of potential selling pressure near the $86,600 level.
Support zones to watch include $82,600, $81,250, and $80,200, while resistance levels are at $86,600 and $90,000.
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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.
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