Bitcoin Holds Above $82,000 As Coinbase Adds Fixed-Rate Borrowing Against It
A level once seen as resistance has held as support, while Coinbase now lets users borrow the USDC stablecoin against bitcoin holdings at a fixed rate.
Bitcoin has stopped retreating below $82,000, a level analysts previously flagged as resistance, while Coinbase's new fixed-rate borrowing product against bitcoin adds another way for holders to access cash without selling.
Bitcoin's test of the $82,000 support level
Bitcoin's recent price path shows whether the $82,000 mark, once flagged as resistance, has actually held as a floor.
Live bitcoin price data; context from Seeking Alpha's '$82,000 Is No Longer Resistance For Bitcoin'.
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<figure><a href="https://www.indy.finance/news/bitcoin-holds-above-82-000-as-coinbase-adds-fixed-rate-borrowing-against-it"><img src="https://www.indy.finance/news/bitcoin-holds-above-82-000-as-coinbase-adds-fixed-rate-borrowing-against-it/graphic.svg" alt="Bitcoin's test of the $82,000 support level" width="1200" height="675"></a><figcaption>Bitcoin's test of the $82,000 support level — <a href="https://www.indy.finance/news/bitcoin-holds-above-82-000-as-coinbase-adds-fixed-rate-borrowing-against-it">Indy Finance</a></figcaption></figure>If bitcoin closes a session decisively below $82,000 in the coming weeks, the reclassification of that level as support rather than resistance would be invalidated.
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