Bitcoin is stuck between 77,000 and 80,000 dollars, and the next hurdle is clearly marked. 📊
FXStreet reported on 3 November, citing Bitfinex Alpha, that Bitcoin could stay trapped in the 77,000 to 80,000 dollar zone, where investors acquired roughly 1.05 million BTC, with 81,300 dollars as the next selling hurdle and options pricing pointing to a range of 74,400 to 81,750 dollars through the 6 November expiry. 🚀 My reading is that this range is a waiting room, not a trend. Inside it, every bounce toward 80,000 gets sold by traders waiting to exit, and every dip toward 77,000 gets bought passively, not aggressively, which is why the market keeps drifting sideways instead of choosing a direction.
Which side of the waiting room breaks first, 81,300 above or 77,000 below? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinAnalysis
FXStreet reported on 3 November, citing Bitfinex Alpha, that Bitcoin could stay trapped in the 77,000 to 80,000 dollar zone, where investors acquired roughly 1.05 million BTC, with 81,300 dollars as the next selling hurdle and options pricing pointing to a range of 74,400 to 81,750 dollars through the 6 November expiry. 🚀 My reading is that this range is a waiting room, not a trend. Inside it, every bounce toward 80,000 gets sold by traders waiting to exit, and every dip toward 77,000 gets bought passively, not aggressively, which is why the market keeps drifting sideways instead of choosing a direction.
Which side of the waiting room breaks first, 81,300 above or 77,000 below? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinAnalysis
