Bitcoin closed October at 77,435 dollars, up 0.4 percent on the day but down 3.8 percent on the week.
The daily range was tight, 76,974 to 77,608, and Ethereum closed at 2,253 dollars, up 0.5 percent. Source: Basis Desk crypto market close, 31 October. This morning Bitcoin is near 77,675 dollars, up 0.4 percent in 24 hours, and Ethereum is near 2,264 dollars. My reading is that the range held, but nothing is resolved. A break above 77,720 resistance opens room higher, while a loss of 77,050 support invites another leg down. Range traders have the edge until one level gives way.
Does Bitcoin break 77,720 resistance this week, or fall back to 77,050 support first?
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
The daily range was tight, 76,974 to 77,608, and Ethereum closed at 2,253 dollars, up 0.5 percent. Source: Basis Desk crypto market close, 31 October. This morning Bitcoin is near 77,675 dollars, up 0.4 percent in 24 hours, and Ethereum is near 2,264 dollars. My reading is that the range held, but nothing is resolved. A break above 77,720 resistance opens room higher, while a loss of 77,050 support invites another leg down. Range traders have the edge until one level gives way.
Does Bitcoin break 77,720 resistance this week, or fall back to 77,050 support first?
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
