Bitcoin Price Prediction: BTC Rejected at $83K as Traders Debate a Drop to $68K

By Afe Funbi

4-hour BTC chart analysis

Key highlights:

  • The BTC price faces a major resistance zone between $80,000 and $83,000 after another rejection
  • Bitcoin active addresses have fallen from around 700,000 to 648,000, pointing to weaker network activity
  • The updated CLARITY Act could bring clearer crypto regulations as lawmakers continue working on key market rules

The BTC price is at a point where both bulls and bears have a case. puts the price at $84,897. That’s comfortably above the Bitcoin price near $77,156 today and implies that analysts expect buyers to regain control in the weeks ahead.

Source:: Bitcoin Price Prediction: BTC Rejected at $83K as Traders Debate a Drop to $68K