Bitcoin ended last week on a high note, but it’s been pretty sluggish lately. It hasn’t really moved much this weekend, or even since Friday.
Key Price Levels to Watch
A crypto analytics firm, MoreCryptoOnline, has pointed out some important price points for Bitcoin. They shared this analysis recently on X (formerly Twitter).
The $86,700 Hurdle
Bitcoin’s price has been bouncing around a lot lately, with small gains and losses. If it can’t break through the resistance at $86,700, things could get tricky. There’s a risk of it dropping to around $77,859, or even as low as $71,011 if selling pressure increases.
Bitcoin’s Current Situation
Right now, Bitcoin is trading around $84,050. It hasn’t changed much in the last 24 hours, but it’s down about 2% over the past week. Despite this, it’s still the biggest cryptocurrency, with a market cap of $1.67 trillion.
