$BTC is trading around $81,300, down about 3% from the Oct 21 high near $84K. It has been range-bound between roughly $81K and $84K for two weeks.
🔴 Resistance: $84,000. A daily close above it opens the way to $87K.
🟢 Support: about $80,600 (50-day EMA). If it breaks, the next test is the $75K–$78K zone.
📅 Catalyst: the Fed meeting on Oct 27–28. Rising oil prices and slowing ETF inflows are also in play.
Outlook: neutral to cautious until BTC breaks out of the range.
⚠️ Not financial advice. Do your own research.
#Bitcoin #BTC #crypto #cryptotrading
🔴 Resistance: $84,000. A daily close above it opens the way to $87K.
🟢 Support: about $80,600 (50-day EMA). If it breaks, the next test is the $75K–$78K zone.
📅 Catalyst: the Fed meeting on Oct 27–28. Rising oil prices and slowing ETF inflows are also in play.
Outlook: neutral to cautious until BTC breaks out of the range.
⚠️ Not financial advice. Do your own research.
#Bitcoin #BTC #crypto #cryptotrading