BTC fails to break $82K resistance, analysts warn of further decline

Concerns are growing over a potential further decline in the crypto market as Bitcoin has failed to turn the $82,000 resistance level into support. According to Cointelegraph, prominent Bitcoin trader JDK noted that BTC remains within a trading range and has failed to break through key upper resistance. Trader CGT echoed this sentiment, predicting a high probability that Bitcoin will break below its previous rebound support level. While some analysts have warned that BTC could be entering a new downtrend, other market participants believe there is still potential for a rally, following the upward trend in the U.S. stock market. Meanwhile, amid the recent range-bound trading, approximately $330 million in long and short positions have been liquidated across the crypto market in the past 24 hours.