Jump to content
Create New...

Bitcoin Needs To Reclaim This Key Level To Escape The Trap Below $82,000

ExpertFX Podcast - No time to read? Let me read it for you. Press Play!

Bitcoin is sitting at a critical crossroads once again, hovering dangerously close to a liquidity pocket that could trigger deeper losses if bulls fail to respond. Momentum has slowed, volatility is tightening, and attention is now locked on one key level that could determine whether BTC stages a recovery or slips further into the trap below $82,000.

Key Resistance at $89,000 Remains Bitcoin’s Biggest Hurdle

Analyst Lennaert Snyder highlighted in a recent update that BTC is currently locked in a critical fight for the key $89,000 resistance level. He acknowledged the recent price action, noting that Bitcoin had a “nice bounce” from the support box he posted yesterday, advising those who longed for the bottom to “enjoy the gains.

Snyder confirmed that the $86,000 support box is still valid, but stressed that this level should now only be used for reversals. A return to this support would be interpreted as a weak sign, indicating that buyers are struggling to maintain the current altitude.

The primary objective remains to break the immediate overhead barrier. Lennaert Snyder states that Bitcoin still needs to decisively reclaim the $89,000 resistance to trigger a meaningful rally and long entries to the next target at $93,000.

Bitcoin

Given the ongoing struggle at resistance, the analyst confirms that it is “totally understandable” if traders are looking for local short entries. Losing the crucial $86,000 support level would confirm a structural breakdown, triggering shorts to the next major target at the $82,200 rangelow.

Finally, Lennaert Snyder warned about the potential for a deeper move, stating that if the market goes for the lows again, it should be treated as a reversal opportunity only. He notes a high probability that sellers will sweep the $80,600 low to “tank new fuel.”

Smart Risk First: Analyst Stresses Discipline Over Aggression

According to crypto expert and investor Ted Pillows, the current Bitcoin setup is a moment that demands strict risk management. He emphasized that BTC continues to face heavy rejection around the $88,000 resistance level, making this zone a decisive barrier for further upside.

In response to the ongoing uncertainty, Ted noted that he has manually taken partial profits across all open trades. The move is meant to reduce exposure and protect capital until Bitcoin provides a clearer directional signal. With volatility tightening, he believes caution is the smarter play. Ted added that he intends to scale back into his positions only after Bitcoin successfully flips the resistance level into support and holds above the S/R zone.

Bitcoin
Latest comments

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Live Global Sessions
Real-time NYSE Data Feed
Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.