Bitcoin Price Rally Hits a Wall Will $83K Trigger the Next Major Move?
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On Aug. 25 Bitcoin traded near $79,250 after briefly climbing to about $81,250, roughly 2.5% below its intraday peak and failing to reclaim the key $83,000 resistance needed to confirm the recovery after a roughly 25% rally from the $63,000–$65,000 region. Analysts warn of downside risk: Cyclop says BTC could drop toward $50,000 if $83k is not held, CryptoQuant’s Bull Score rose to 80 but a weekly close above $83k remains crucial, and another analyst sees a possible correction to $72,000–$74,000 following bearish divergence, highlighting increased short-term market and technical risk for crypto traders.
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- Cyclop expects Bitcoin to fall toward $50,000 if BTC fails to reclaim and hold $83,000.
- CryptoQuant’s Bull Score rose to 80, but a weekly close above $83,000 is still crucial.
- Ted sees a possible Bitcoin correction toward $72,000–$74,000 after a bearish divergence.
Bitcoin price traded near $79,250 on Aug. 25 after briefly climbing to about $81,250 during Asian hours. The retreat placed BTC roughly 2.5% below its intraday peak and kept the market under the $83,000 level needed to strengthen the recovery case.
Bitcoin Faces a Make-or-Break Test at $83K
The pullback followed a rally of about 25% from the $63,000–$65,000 region. Bitcoin crossed $70,000, $72,000, and $78,000 within several sessions before heavier supply emerged above $80,000.
Although BTC remained far above its pre-breakout range, the rejection kept attention on the next resistance zone. A …
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