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Bitcoin price started a fresh increase and cleared the $81,500 zone. BTC is consolidating and may target further gains above the $82,450 level. If that scenario plays out, the price could rise to test the $83,200 resistance, with the next upside barrier for bulls at $85,000.
Bitcoin is attempting to build momentum after breaking above $81,500. The key area to watch is whether BTC can hold above the $82,450 level, which would keep the path open for a move toward $83,200 and potentially higher levels near $85,000.
If Bitcoin fails to rise above the $82,000 resistance zone, it could begin another decline. Immediate support is near $80,800 and the trend line. The first major support is around $80,400, also aligned with the 61.8% Fibonacci retracement of the upward move from the $79,168 swing low to the $82,436 high.
Additional support is now near the $79,950 zone. Further losses could push BTC toward the $79,250 support in the near term. The main support sits at $78,500, below which BTC might struggle to recover in the near term.
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