Bitcoin hits $84K resistance as Korean tech rout deepens KOSPI losses

What happened

Source: Cointelegraph/TradingView The gains came as a fresh tech sell-off gathered pace on South Korea’s KOSPI Composite Index, which extended its losses for the week to 7.4%. Bitcoin’s liquidity kept BTC price below $84,000 amid a mounting South Korean tech and semiconductor stock sell-off.

Bitcoin (BTC) rebounded toward $84,000 on Tuesday as crypto markets skirted fresh losses for South Korean stock markets. Key points: Bitcoin diverged from plummeting Asian tech stocks on Tuesday, rebounding from a low near $81,000.

Semiconductors led an exodus from South Korea’s KOSPI amid ongoing investors’ nerves over AI and Chinese competition. BTC price upside was capped at $84,000 by a wall of resistance on exchange order books.

South Korea’s KOSPI loses 200-day trend line as panic returns Data from TradingView showed BTC/USD up more than 2.5% on Tuesday, reaching $83,944 on Bitstamp to retrace Monday’s drop . The index fell below its 200-day moving average for the first time since late July.