$BTC has spent ten sessions inside a 5.6% band, between 82,563 and 87,220. That is the tightest ten day range since August 18.
Live numbers:
Price: 85,705 USD
24h: +0.3%, high 86,999, low 84,972
7d: +2.8%
30d: +7.4%
Market cap: 1.72T USD
24h volume: 32.5B USD
What the band looks like from the inside: four of the last seven sessions closed within 1.5% of each other. Today reached 86,999 and gave it back. On October 2 price tagged 87,220 and closed the day at 84,518.
Volume is not drying up with it. The main USDT pair did 1.53B USD today against a 1.25B average over the previous 30 days, so the compression is happening with participation, not without it.
The quarter behind it: BTC opened Q3 at 58,625 and closed it at 83,624, a 42.6% quarter.
Levels. Below price: 82,563, the ten day floor, then 74,968. Above price: 87,220, the ten day ceiling.
Context: BTC is 32% below its all time high of 126,080, set one year ago tomorrow.
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Live numbers:
Price: 85,705 USD
24h: +0.3%, high 86,999, low 84,972
7d: +2.8%
30d: +7.4%
Market cap: 1.72T USD
24h volume: 32.5B USD
What the band looks like from the inside: four of the last seven sessions closed within 1.5% of each other. Today reached 86,999 and gave it back. On October 2 price tagged 87,220 and closed the day at 84,518.
Volume is not drying up with it. The main USDT pair did 1.53B USD today against a 1.25B average over the previous 30 days, so the compression is happening with participation, not without it.
The quarter behind it: BTC opened Q3 at 58,625 and closed it at 83,624, a 42.6% quarter.
Levels. Below price: 82,563, the ten day floor, then 74,968. Above price: 87,220, the ten day ceiling.
Context: BTC is 32% below its all time high of 126,080, set one year ago tomorrow.
Follow me for daily trending breakdowns.
#bitcoin #btc #crypto #altcoin #defi
