Analyst: The recent psychological boundary for Bitcoin is at $81,500

According to Cointelegraph, CryptoQuant analyst MorenoDV_ stated that the Bitcoin price must stay above $81,500, as this price serves as a psychological dividing line. When the Bitcoin price is above this support level, investors generally feel more at ease.

Another trader and analyst, Daan Crypto Trades, indicated that the BTC/USD price will continue to experience significant volatility until the major support level in the $84,000 to $85,000 range is lost, or the resistance level at $94,000 is broken.