Bitcoin Dips Below $83,000 as Bond Yields Rise and Liquidations Increase.
Bitcoin has pulled back from near $87,000, falling below the $83,000 level as rising global bond yields put pressure on risk assets.
π Key levels traders are watching:
β’ $83K: Immediate level
β’ $81Kβ$82K: Potential support zone
β’ ~$78K: 50-week moving average
The decline has also been accompanied by increased liquidations, while some market participants view the move as a normal correction rather than a change in the broader trend.
π What happens next?
A) BTC holds $83K and rebounds
B) BTC tests $81Kβ$82K
C) BTC falls toward $78K
D) More downside before a recovery
Share your view π
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