Bitcoin Bulls Battle to Overcome Sell Pressure

Bitcoin bulls battle to overcome selling pressure. BTC is making a strong attempt to counter the recent sell-off, as buyers push back toward the $83,860 resistance level. After falling to $78,000 earlier this week due to investor uncertainty and market pullbacks, the bulls have stepped in to rescue the market. Their action signals renewed optimism.

Support Levels: $78,000, $80,500

Resistance Levels: $83,860, $90,000

Bitcoin’s recent dip to $78,000 triggered a buying reaction, with bulls quickly regaining strength. The Stochastic Oscillator indicates bullish momentum, showing a gradual shift in sentiment as the buyers take control.

The Parabolic SAR (Stop and Reverse) indicator still reflects a bearish market in the long run, meaning Bitcoin’s recovery is still in early stages. For Bitcoin to fully regain momentum, it must break through the $83,860 resistance level. A successful breakout could propel BTCUSD toward the $90,000 mark, while failure to hold above key support zones could trigger another decline.

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Bitcoin’s long-term outlook remains bullish, with buyers steadily regaining confidence. If BTCUSD pushes above $83,860, it could open the door for a test of the $90,000 psychological level. The next price action near resistance levels will be crucial in determining whether Bitcoin is ready for a full bullish breakout.

On the 4-hour chart, Bitcoin shows early signs of recovery as buyers continue accumulating. The Stochastic Oscillator indicates a rising trend, confirming increasing bullish sentiment.

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As long as BTCUSD remains above $80,500, further upside potential remains intact. A break above $83,860 could attract more buyers, pushing Bitcoin toward the $90,000 key level.

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