Bitcoin (BTC) fell by about 4.6% over the week to nearly $76,000, breaking through the bottom of the accumulation range from late August and the realized cost basis of $76,700.

The drop came after a vote on the CLARITY bill in the Senate failed, and altcoins were sold off heavily. However, Bitcoin’s decline is still considered relatively limited.

Clear new demand for Bitcoin has not yet emerged. On-chain capital flows have stalled after 27 consecutive days, ETFs have shifted to net withdrawals, stablecoin supply is moving sideways, and corporate treasuries have stopped buying.

Within a few hours after the vote, the options market shifted from bullish bets to buying protection for the bearish scenario. The “max pain” price was recorded at 72,000 USD, while call options around 85,000 USD could create resistance above.

The order book shows that nearly two-thirds of orders are concentrated in the area below the current price by 1% to 10%. After breaking below 68,000 USD, the support zone is considered thinner; the key levels to watch include 71,300 USD and 62,000–65,000 USD.

Source: https://tintucbitcoin.com/bitcoin-thung-day-bien-do-nhu-cau-moi-vang-bong/

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