Bitcoin Rally Faces Significant Resistance at $78K-$83K, Warns Schwab
Bitcoin Rally Faces Significant Resistance at $78K-$83K, Warns Schwab
Published on
The Schwab Center for Financial Research has identified critical resistance levels for Bitcoin between $78,000 and $83,000. These price points, based on investor cost basis, are projected to potentially cap any further rallies, suggesting a challenging path for sustained upward momentum.
Bitcoin Rally Potentially Capped by Key Resistance Levels
According to analysis from the Schwab Center for Financial Research, Bitcoin (BTC) is currently facing substantial resistance. The research highlights specific price thresholds between $78,000 and $83,000 as crucial investor cost basis levels. This indicates that these price points could act as a ceiling, potentially limiting or ending any significant price rallies in the near term.