$82,837: that is where bitcoin closed Friday's bounce after Thursday's dip to $80,427, per Decrypt.
📊 By the numbers
• $BTC is still down about 4.1% across the week
• Total crypto market cap rose 2.1% to $2.89 trillion, still under the $3 trillion level of a week ago
• Spot bitcoin ETFs saw $484.9 million leave on Wednesday and about $244 million on Thursday
• The Fear and Greed Index reads 64 today, up from 59 yesterday, per Alternative.me
🎯 Levels to watch
Bitwise Europe's Luke Deans points to $83,000, near the average ETF cost basis, as the first test for this bounce. If buyers fail there, analysts quoted by Decrypt see the $72,000 to $77,000 zone as the deeper support area to watch.
Do you think the $83,000 area flips into support this week?
#Bitcoin #ETF
📊 By the numbers
• $BTC is still down about 4.1% across the week
• Total crypto market cap rose 2.1% to $2.89 trillion, still under the $3 trillion level of a week ago
• Spot bitcoin ETFs saw $484.9 million leave on Wednesday and about $244 million on Thursday
• The Fear and Greed Index reads 64 today, up from 59 yesterday, per Alternative.me
🎯 Levels to watch
Bitwise Europe's Luke Deans points to $83,000, near the average ETF cost basis, as the first test for this bounce. If buyers fail there, analysts quoted by Decrypt see the $72,000 to $77,000 zone as the deeper support area to watch.
Do you think the $83,000 area flips into support this week?
#Bitcoin #ETF