At 4 a.m., BTC pulled up another candle line without breaking through.
$84,807. In the past 24 hours it was almost flat, ranging from $83,181 to $85,182. This is the sixth consecutive day staying above 84,000—no one has really pushed it higher.
In the past 60 days it’s up 30%. Compared to the ATH, it’s still down 34%. This isn’t a bull market turning back—it’s a bull standing in place and looking back over its shoulder.
The high from September 21 at 87,397 has been weighing on it. If 87,400 can’t be taken down, the next stop isn’t 90,000—it’s 80,000.
Fed rate decision at the end of October is the variable. Oil prices breaking above $100, and ETF inflows slowing for three straight weeks. The “tight consolidation on declining volume” vibe is here.
Either break above 87,400 with volume, or go back to test 80,000. There’s no third option.
$84,807. In the past 24 hours it was almost flat, ranging from $83,181 to $85,182. This is the sixth consecutive day staying above 84,000—no one has really pushed it higher.
In the past 60 days it’s up 30%. Compared to the ATH, it’s still down 34%. This isn’t a bull market turning back—it’s a bull standing in place and looking back over its shoulder.
The high from September 21 at 87,397 has been weighing on it. If 87,400 can’t be taken down, the next stop isn’t 90,000—it’s 80,000.
Fed rate decision at the end of October is the variable. Oil prices breaking above $100, and ETF inflows slowing for three straight weeks. The “tight consolidation on declining volume” vibe is here.
Either break above 87,400 with volume, or go back to test 80,000. There’s no third option.
