Bitcoin has had a pretty bumpy week. First, the price dropped below $75,000, but then it quickly bounced back and is now sitting above $83,000. This sudden jump has experts wondering what’s coming next—and where the next roadblocks might be.
Two Big Price Zones to Watch: $84K and $96K
Experts at CryptoQuant, a company that looks at data from the blockchain, say Bitcoin could slow down or even struggle to move past $84,000 and $96,000.
Why? It has to do with something called the “realized price”—basically, the average price people paid when they last moved their Bitcoin. If Bitcoin is trading above this level, most people are in profit and happy to hold. But if it’s below, it means a lot of people are losing money, and they might panic sell.
According to CryptoQuant’s Julio Moreno:
- The first price to watch is $84,000
- The next one is $96,000
These levels used to act like support earlier this year when prices were rising. Now, they could act as resistance, meaning Bitcoin might slow down or pull back there.
But if Bitcoin does manage to move past both levels, it could keep going up—possibly hitting $130,000 in the near future. That would be about a 55% increase from today’s price.
Right now, Bitcoin is trading at around $83,180, which is up about 3.6% in the last 24 hours. But fewer people are trading today—daily trading volume is down almost 12%, which means some folks are sitting on the sidelines, waiting to see what happens next.
Investors Are Holding Strong at Key Price Levels
Even with all this uncertainty, many investors are buying and holding Bitcoin at two important price levels:
- Around $79,000, where about 40,000 Bitcoins were bought
- Around $82,000, where another 51,000 Bitcoins were purchased
These spots are now acting like safety nets—if the price drops again, these levels could help stop it from falling further.
What’s Causing the Uncertainty?
A lot of the nervousness in the market comes from big global news—especially changes in U.S. trade policies and tensions with China. These kinds of headlines affect all kinds of investments, not just crypto, and make it hard for the market to find a clear direction.
Bitcoin Still Leads the Pack
Even with all this drama, Bitcoin is still the biggest player in the crypto world. Its total value (market cap) is now $1.66 trillion, and it makes up more than 60% of the entire crypto market.
The post Bitcoin’s Bumpy Ride: What Could Happen Next as Price Eyes $84K and $96K appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
