Bitcoin risks ‘next downtrend’ as traders diverge on fate of $82K resistance
CoinTelegraph·
60-second summary
Traders are divided on Bitcoin's fate as price action failed to establish $82,000 as support, sparking concerns of a potential "next downtrend". Some predict a "massive catch-up" with stocks, while others see a reversal, with 50% of traders on Bitfinex long and 30% short, highlighting the market's uncertainty and increasing volatility.
Bitcoin traders split between a "massive catch-up" with stocks and the start of its "next downtrend" as BTC price action failed to flip $82,000 to support.