Bitcoin is currently testing a new resistance level at $82,500, with the Relative Strength Index (RSI) climbing above 82, indicating overbought technical conditions. A massive $2.9 billion liquidation zone has been identified, which could trigger a 'bull trap' if the price is rejected at current levels. Such a rejection might lead to a retracement toward support levels between $68,000 and $72,000. These facts highlight significant market risks as Bitcoin faces critical price thresholds.
