Bitcoin Price Holds Strong at $84,516: What’s Next for Traders?

Bitcoin continues to trade above $84,516, testing critical support levels and awaiting its next move. The 20-period moving average serves as a key indicator for potential price direction. Will Bitcoin consolidate or break lower? Analysts are closely observing the asset’s price action. A recent analysis suggests that Bitcoin’s price may either find new support or face further declines, with market sentiment playing a significant role.