$BTC mira 87,298 after entering $134M into ETFs
$BTC rises slightly, and Decrypt’s news says that the period of “Uptober” kicked off in green, with Bitcoin ETFs pulling in $134 million in inflows.
My take: that fresh capital could feed buyer demand, but it’s not enough to trigger a price wave—I see it as a one-off push.
Price is around US$85,386, with the EMA20 at 84,858 and the EMA50 at 84,437; the 4h trend remains bullish and the RSI is 59.1, with no clear overbought signal.
Key support at 84,501; if it holds, the next target is resistance at 87,298. A breakdown below 84,501 would invalidate the bullish bias and open the door to a correction toward 83,863. On the other hand, breaking above 87,298 would confirm the rally’s strength and could send price to the next ceiling.
Does it break 87,298 or bounce back to 84,501? 🟢/🔴
#BTC #ETFs
Not financial advice. Verify before investing.
$BTC rises slightly, and Decrypt’s news says that the period of “Uptober” kicked off in green, with Bitcoin ETFs pulling in $134 million in inflows.
My take: that fresh capital could feed buyer demand, but it’s not enough to trigger a price wave—I see it as a one-off push.
Price is around US$85,386, with the EMA20 at 84,858 and the EMA50 at 84,437; the 4h trend remains bullish and the RSI is 59.1, with no clear overbought signal.
Key support at 84,501; if it holds, the next target is resistance at 87,298. A breakdown below 84,501 would invalidate the bullish bias and open the door to a correction toward 83,863. On the other hand, breaking above 87,298 would confirm the rally’s strength and could send price to the next ceiling.
Does it break 87,298 or bounce back to 84,501? 🟢/🔴
#BTC #ETFs
Not financial advice. Verify before investing.
