Summary
- According to the CryptoQuant market report, if Bitcoin breaks through the $84,000 level, it could surge to $96,000.
- The report stated that this price range initially acted as a support line, but could turn into a resistance line if the upward trend slows.
- It emphasized that similar patterns were repeated in past bear markets.
There is an analysis that suggests Bitcoin breaking through the $84,000 mark is of significant possibility.
On the 11th (local time), a market report from CryptoQuant cited by Cointelegraph stated, "Bitcoin may face resistance at the $84,000 level. If it breaks through this resistance line, it could surge to the next resistance zone of $96,000."
The report emphasized, "This price range initially acted as a support line at the beginning of this bull market, but if the upward trend slows, it could turn into a resistance line," adding, "The same pattern was repeated in past bear markets."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
