BTC Hits Critical $84,000 Zone as Technical Indicators Signal Strong Trend

Bitcoin has reached a critical area in its short-term trajectory, according to technical indicators. The price of BTC is currently at $83,902.00, and traders are looking at the FVG zone between $84,200 and $84,337 as a key reference point for intraday pricing.

The strong trend remains intact despite some mixed momentum in the short-term. Glassnode reported that there has been a significant sale of $5.1 billion over the past seven days, but noted that this is relatively limited compared to previous cycle highs.