Crypto
Bitcoin Rises to $82,300: Next Stop Could Be $90,000
Bitcoin's price surged past $82,300, raising hopes among bulls that it could reach $90,000 in the near future.
The cryptocurrency has been trading within a 19-day range from about $62,000 to $81,000-$81,400 in August. A pullback is normal after such a rise, but traders are watching how deep the drop will be.
The 0.382 Fibonacci level near $74K-$75.5K could provide key support for BTC, while a deeper drop toward $66K-$70K would signal weaker short-term bearish momentum.