Bitcoin Falters Below $83k as Traders Eye Key Resistance

Bitcoin's recent gains have given way to a cautious start to the week, with the cryptocurrency pulling back below $83,000 on Monday.

This comes after Bitcoin rose more than 4% last week, and its retreat from recent highs has left the broader near-term uptrend intact.

The largest cryptocurrency remains above its 50-day, 100-day, and 200-day exponential moving averages (EMAs), which form a series of potential support areas if selling pressure increases.

Traders are now watching to see whether buyers can carry BTC back toward $85,000 or whether the pause develops into a deeper pullback.