Why are support levels around $80,000 and resistance near $90,000 important for Bitcoin’s price stability?
Why is this the correct answer?
This is correct because these price levels act as psychological barriers. Support at $80,000 is where buyers tend to step in and halt declines, while resistance at $90,000 is where sellers often take profits and prevent further gains. Traders watch these zones closely to make decisions: buying near support and selling near resistance helps manage risk and plan entry or exit points.
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