Bitcoin Battles Resistance at $83K After Recent Market Decline

Bitcoin has seen a modest price increase of 3.31% in the past 24 hours, but it continues to struggle to break through resistance near $80,000. Following a significant downturn last week, the cryptocurrency market is showing signs of recovery. Bitcoin’s recent rally, fueled by an influx of capital, has brought it back within striking distance of the $83,000 mark after briefly dipping below $80,000 earlier in the week. 1 This move follows several weeks of sideways movement as traders wait to see if this upward momentum can hold.