From this structure, @Sherlockwhales identified key upside levels on BTC’s chart at $83,435 (0.618 Fib), $84,647 (0.65 Fib), and $89,797 (0.786 Fib). He noted that this cluster forms a major untested resistance zone on Bitcoin’s weekly chart. According to him, untested resistance areas like these tend to attract heavier sell pressure because traders who bought at those levels are still underwater and may look to exit as the price returns toward breakeven.
Analyst Predicts BTC Crash To $40,000 And Where To Buy Rather than buying at $85,000, the analyst urges investors to wait until October before entering the market. He noted that prices during this time window would present the most favorable long-term buying opportunity for traders.
