Bitcoin price trading a Value Area Low Bitcoin opened the week with a bearish move toward $83,000 before catching a lower-time-frame bounce back into the prior consolidation zone.
This region has historically acted as a magnet for price, often leading to chop and uncertainty.
Price is now retesting the value area low while approaching a single-print zone that could trigger either a sharp rejection or an impulsive bullish breakout.
Key Points:
- Retest of value area low
- Bounce lacks strong bullish volume
- Single-print zone could create sharp volatility
What to Expect:
Watch for volatility around this zone. Weak reactions may lead to lower prices, while strong bullish volume could fuel a rebound.
