Coin-Turk 9 minutes ago
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Recent recoveries in the altcoin market raise questions about their sustainability. Renowned analyst Altcoin Sherpa cautions that these upward movements may not be long-term. Analyzing market dynamics and historical movements emphasizes the critical levels of Bitcoin 
$84,453 as decisive factors. For traders, risk management and technical analysis should be at the forefront of their strategies.
Bitcoin’s Support and Resistance Levels Are Critical
According to Altcoin Sherpa, Bitcoin may test its first support level at $84,000. Should this level be breached, the likelihood of upward movement in the market may increase. However, the $89,000 level should be closely monitored as a significant resistance point.
If Bitcoin surpasses this threshold, it is expected to gain strong momentum. Reaching $98,703 could open the door to new peaks. Nonetheless, the analyst warns that Bitcoin may experience sharp fluctuations at these levels, advising investors to …
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