Bitcoin $BTC and $ETH both bounced today after the recent drop. Bitcoin is back above $78,000 but needs to break the Daily MA 50 near $82,000 for this move to continue. Next resistance is $85,000 and $87,500. Support is $75,800, then the Daily MA 200 at $73,200. ETH bounced off its Daily MA 200 and is holding above $2,300. Resistance is $2,550 and support is $2,168. Both charts are in the same spot. Rejected at the highs and still under pressure until Bitcoin reclaims that MA 50. Oil dropped below $100, which takes some pressure off risk assets. #BTC Price Analysis# Major events this week: 1. ISM Manufacturing PMI – Monday 2. Midterm Election – Tuesday 3. US Jobs Report – Friday
