Bitcoin to fill $84K futures gap 'very soon' as BTC rejects above 2021 top

💡 DMK Insight

Bitcoin’s current price of $69,241 is at a critical juncture, with traders split between bearish macro concerns and bullish targets around $84,000. The divergence in sentiment reflects broader market uncertainty, particularly as macroeconomic indicators like inflation and interest rates continue to fluctuate. If BTC fails to hold above the $68,000 support level, we could see a cascade of selling pressure that might push prices toward new lows. On the flip side, if bullish momentum builds and BTC breaks through resistance near $72,000, it could pave the way for a rally towards that $84,000 target. Traders should keep an eye on volume trends and market sentiment indicators, as they could provide clues on which way the market is leaning. For now, watch the $68,000 support and $72,000 resistance levels closely. A decisive move in either direction could set the tone for the coming weeks, especially with macroeconomic data releases on the horizon.