Bitcoin (BTC) is trading at $83,813, up 0.99% from the previous session. The price remains stable above $82,000 as investors monitor economic developments, particularly the Federal Open Market Committee (FOMC) meeting. While bullish momentum persists, traders remain cautious, expecting volatility ahead. Key Resistance and Support Levels Bitcoin is nearing $84,000, a key resistance level that has historically limited upward movements. A breakout with strong buying volume could fuel a rally toward $90,792. If BTC sustains momentum above this zone, it may signal further gains and potential new highs. However, failure to surpass resistance could result in consolidation or a pullback. On the support side, $77,000 serves as a crucial level, preventing deeper declines. If Bitcoin approaches this level and finds strong buying interest, it could rebound toward resistance. However, a drop below $77,000 may signal increased selling pressure, pushing BTC toward $73,000 or lower. Analysts warn that breaching this level could lead to a deeper correction, similar to past market downturns. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Outlook: Volatility Ahead With Bitcoin at a critical juncture, macroeconomic events and technical trends will shape its next move. Traders should stay informed, manage risks, and prepare for sharp price swings as BTC reacts to evolving market conditions. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin (BTC) Nears Critical Breakout as Major Move Looms appeared first on Times Tabloid .
