Bitcoin’s break above $82,000 and a return of strong institutional demand are prerequisites to confirm a trend change for BTC price.
Bitcoin’s (BTC) Thursday rally to $82,000, buoyed by the Senate Banking Committee’s advancement of the CLARITY Act, has stalled amid stiff overhead resistance and weakening ETF demand. Still, analysts said that BTC’s upward momentum may increase if key conditions are met.
Key takeaways:
Data from TradingView showed BTC tested overhead resistance at $82,000, which has rejected the price since last week.
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