Add as a preferred source on GoogleAnsem Flags $75,000 as Key Downside Level as Bitcoin Pulls Back
Bitcoin recently tested about $87,500, its year-opening price, before retreating to around $81,700. A move back above $87,500 would strengthen the bullish structure.
Bitcoin (BTC) recently pulled back to around $81,700 after testing about $87,500, with trader Ansem identifying $75,000 as the key level below the market.
The move to $87,500 reached Bitcoin’s year-opening price. A return above that level would strengthen the bullish market structure, while the $75,000 level remains the main downside point Ansem is watching.
Ansem views the pullback as a potential opportunity to add to high-conviction positions. He favors gradually building positions during periods of volatility while the broader market structure remains intact.
Interest rates and geopolitical tensions remain the biggest macroeconomic risks for the market.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.