Greeks.Live: $83,000 is the next key support level for bitcoin
BlockBeats News, on December 1, Greeks.Live researcher Adam posted on social media that the English-speaking community experienced a bearish shock, with the market dropping sharply during the Sunday night monthly close, causing losses for call option buyers and sparking concerns about further downside. Traders pointed out that $83,000 is the next major support level, with no significant buying interest before that, while some remain cautiously optimistic that bitcoin will reach a new all-time high again, although the timing remains uncertain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
Crypto prices
More
