WORLDTECHBitcoin & Crypto DEVELOPING
Bitcoin slips back to $82,500 after brief breach of $84,000 ceiling
Bitcoin broke through its $84,000 ceiling late on Wednesday before sliding back toward $82,500, a support level analysts are watching, as tech futures also fell, according to CoinDesk.
Price rebounds to support while tech futures decline
Bitcoin rose above $84,000 late on Wednesday, but the advance did not hold, and the price dropped back to around $82,500, a level analysts are monitoring as support. CoinDesk reported that the move coincided with a fall in tech futures.
Tesla named alongside the coverage
The report also referred to Tesla, an automotive and solar company headquartered in Palo Alto and founded in 2003. The facts available to WORLDTECH do not show a link between Tesla and the movement in the bitcoin price.
Open questions
- Will bitcoin hold above the $82,500 support level that analysts are watching?
- How closely did the decline in tech futures track the bitcoin price on the same day?