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Is Bitcoin Testing $70K Support the Key Needed for $90K Bulls To Resurface?

  • Bitcoin tested the $81K support and recorded a mild price increase resulting in a progression to the $83K resistance.
  • If Bitcoin falls below $80K, it has little to no support until $70,000, potentially leading to a bullish turn.
  • The prolonged hold-up at the $80K level has caused frustration, but previous support testing could lead to a rebound to $90,000.
  • Bitcoin's technical indicators suggest an oversold market situation, while other altcoins show modest bullish signs.

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