Bitcoin Bounces $2,500: Can $83K Turn Back Into Support?

A correction that began on Tuesday and reached a bottom on Thursday wiped nearly $6,400 from Bitcoin and sent the price crashing down through the bottom of its bull flag. The big $83K horizontal level is just overhead. Can the bulls turn this back into support, or could a rejection send the price down further? If the bulls can push the $BTC price back above the $83K horizontal resistance level the rally is back on. However, if this resistance proves too stiff more downside could be on the way.

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