Bitcoin Dips Below $84,000, Gains 1.24% Amid Volatility
On November 22, Bitcoin dipped below the $84,000 mark on OKX, sliding to $83,964 at 08:38 UTC. Despite this intraday drop, Bitcoin recorded a 1.24% daily gain. The movement highlights significant price volatility. Traders should monitor support near $83,000 and resistance around $85,000. These price thresholds can guide crypto trading strategies on OKX and beyond.
Bullish
The intraday dip below $84,000 followed by a 1.24% gain indicates underlying bullish momentum for Bitcoin. Short-term, volatility around the $83,000 support and $85,000 resistance levels may create trading opportunities for range-bound strategies. Repeated tests of these thresholds suggest strong market engagement, which could lead to a decisive breakout if buying pressure persists. In the long term, sustained gains despite dips reinforce positive sentiment, potentially attracting further interest from traders and investors.