COINOTAG News, December 1, reports that Adam, a researcher at Greeks.Live, posted on social media that the English-speaking crypto community faced a bearish shock as the monthly close on Sunday night unfolded with a pronounced price slide. The move pressured call options players and amplified concerns about further downside risk for major assets.
Traders flagged $83,000 as the next critical support level for Bitcoin, noting scarce bid interest ahead of that threshold. With limited buy orders below the level, downside risk could persist and volatility may remain elevated into the week-end as participants reassess risk metrics.
Nevertheless, a segment of the market remains cautiously optimistic about a renewed trajectory toward an all-time high for Bitcoin, though timing remains uncertain. Analysts stress disciplined risk controls and disciplined adherence to established support and resistance benchmarks.
Source: https://en.coinotag.com/breakingnews/bitcoin-bearish-shock-at-monthly-close-as-83000-key-support-emerges-traders-remain-split-on-a-new-all-time-high
