Greeks.Live: Most traders are paying attention to whether $82000 on the Bitcoin weekly chart can support it

PANews
PANews|Mar 02, 2025 15:05
Adam, a macro researcher at Greece Live, released an English community briefing on X platform stating that after Bitcoin plummeted from $85000 to $96000 in a short period of time to $78000 and caused significant losses, group members generally held a bearish attitude. Most traders are paying attention to whether the weekly chart of $82000 can support it, and many believe that there is a possibility of further decline to the $72000 area. The recent price trend has been described as&34; Crazy&34; And&34; Violence&34;, Traders have lost a significant portion of their investment portfolio, with some even experiencing a 70% loss. Many traders are considering extending their positions and selling some call options to recover, while maintaining a slightly positive delta exposure to cope with possible upward trends. The general consensus is that the consolidation and establishment of foundations in the coming week will be a positive signal. If momentum recovers, some people expect a possible mean regression in the range of 86000-89000 US dollars.
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