Bitcoin faces resistance as market weighs profit-taking against bullish trends

Bitcoin is trading near $83,100, maintaining a bullish outlook despite a retreat from $87,400. While the asset is on track for a positive monthly close, short-term unrealized profit margins have reached a 21-month high, suggesting increased selling pressure. Analysts are monitoring the $82,500 support level and the $84,400-$84,800 resistance zone to determine if the current momentum can sustain further gains.