$BTC is testing a classic line in the sand.
One analysis (U.Today, Oct 31) says bitcoin was rejected from the $81,000-$82,000 area and is now testing its 200-day moving average around $76,400-$76,600. It also called the session October's biggest volatility increase.
Overnight range, per Cryptowatch: $76,469 to $77,494, so price is sitting right on that support zone. $ETH is holding near $2,240 meanwhile.
Which matters more for the next move here: the 200-day MA holding, or news from Binance's withdrawal restart?
Not financial advice.
#Bitcoin #Crypto #TechnicalAnalysis
One analysis (U.Today, Oct 31) says bitcoin was rejected from the $81,000-$82,000 area and is now testing its 200-day moving average around $76,400-$76,600. It also called the session October's biggest volatility increase.
Overnight range, per Cryptowatch: $76,469 to $77,494, so price is sitting right on that support zone. $ETH is holding near $2,240 meanwhile.
Which matters more for the next move here: the 200-day MA holding, or news from Binance's withdrawal restart?
Not financial advice.
#Bitcoin #Crypto #TechnicalAnalysis