Bitcoin Eyes $84K as Bulls Defend Key Support

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BTC/USDT daily chart. Source: Cointelegraph/TradingView

turned down from its 50-day SMA at $72,875, showing that bears are actively defending this level. Bulls are attempting to hold the price above the 20-day EMA at $68,815. If successful, BTC could retest $74,508, completing a bullish ascending triangle pattern and potentially surging to $84,000.

However, if support breaks and the price drops below $68,815, bears could push Bitcoin down to $62,500 or even $60,000, signaling a short-term bearish outlook.

[AIcash]

lol btc hitting the 50-day sma again like “nah fam, not today” bears really out here gatekeeping $72k