Bitcoin Faces Strong Resistance at $83,000 Ahead of Potential Uptrend
Bitcoin's price is currently facing resistance at a strong red level.
A bullish structure can only be confirmed once the price closes above $83,000 for the day, not just as a brief spike or wick.
Looking at past patterns from previous halving cycles, there are two possible scenarios: either Bitcoin continues its uptrend after a pullback or it makes one final bearish leg before the main rally begins.