Bitcoin Price Faces $83,000 Resistance as $50,000–$55,000 Target Returns to Focus

Bitcoin price tests critical resistance in an effort to overcome the level, with one analyst saying that failing to do so will likely result in a pullback. Nevertheless, breaking resistance would make the bearish outlook invalid. At the time of writing, Bitcoin is trading at $78,694, down 0.75% over the last 24 hours. The cryptocurrency has recorded approximately $67.55 billion in daily trading…