Odaily News After several days of consolidation, neither bulls nor bears have been able to fully control the situation. The price of Bitcoin is currently fluctuating between $83,000 and $86,00. This indecision reflects the uncertainty that is prevalent in global financial markets. Despite holding the $83,000 support level, Bitcoin bulls have not been able to regain the key moving average that indicates a new round of momentum. If this price level fails to hold, it may trigger a new round of selling; if the bears regain control of the situation, it will push Bitcoin down to $80,000 (or even lower). $90,000 is still the key threshold that Bitcoin bulls must regain. Breaking through this price level can reverse market sentiment, and the $81,000 area is the key bottom in the near term. (Bitcoinist)
