Bitcoin Has Hit A Ceiling, Analyst Says No Buying Until Price Hits This Level

Bitcoin has hit what one analyst describes as a major ceiling after losing the support level that held the market together for months. Following a failed push toward $83,000, the analyst now believes buying Bitcoin at current prices carries more risk than opportunity. Instead, he points to a much lower target, a level where buyers may finally step back into the market with conviction. Bitcoin’s Former Support Has Turned Into Resistance The analyst’s outlook centers on the collapse of the $80,500