BTC Must Clear Resistance Zones or Risk Falling Back to $50,000
Bitcoin's price surge above $80,000 has sparked renewed speculation of a bull market. However, analysts warn that BTC must clear key resistance zones or risk sliding back to $50,000.
The primary cryptocurrency jumped above the $80,000 mark earlier today, reinforcing the view that this resurgence could be the start of a full-blown bull market for crypto and DeFi sentiment.
Despite the positive momentum, some industry participants caution that unless BTC clears crucial resistance zones, it remains at risk of sliding back to $50,000.