Current price: Around $BTC 78,300
Bitcoin has recovered after briefly dropping below $76,000. However, selling pressure and institutional ETF outflows are keeping the market uncertain. BTC needs to break above $78,500 to strengthen its recovery.
Key trading levels:
Support: $76,400–$75,600
Stronger support: $73,800
Resistance: $78,500
Next resistance: $80,000–$82,000
Prediction: A breakout above $78,500 could push BTC toward $80,000. A fall below $75,600 could lead to further losses.#USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible #AMDBeatsExpectations-AINarrativeContinues #BinanceIncidentReport #37thQuarterlyBNBBurnRemoves1.64MillionBNB
Bitcoin has recovered after briefly dropping below $76,000. However, selling pressure and institutional ETF outflows are keeping the market uncertain. BTC needs to break above $78,500 to strengthen its recovery.
Key trading levels:
Support: $76,400–$75,600
Stronger support: $73,800
Resistance: $78,500
Next resistance: $80,000–$82,000
Prediction: A breakout above $78,500 could push BTC toward $80,000. A fall below $75,600 could lead to further losses.#USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible #AMDBeatsExpectations-AINarrativeContinues #BinanceIncidentReport #37thQuarterlyBNBBurnRemoves1.64MillionBNB
