$BTC a 86,274: Does it test 86,800 or drop to 85,650?
$BTC It rises slightly after the 'Uptober' announcement, which started green, with Bitcoin ETFs drawing $134 M according to Decrypt (9.5 hours ago).
Current price 86,274 US$, +1.73% in 24h, within the range 84,720‑86,800. EMA20 at 85,140, EMA50 at 84,565, RSI14 at 65.2, bullish signal on 4h.
My take: if it breaks the 86,800 resistance, the next ceiling is 87,298 and the momentum stays upward. A close below 85,650 would invalidate this scenario and open the door to the downside.
On the other hand, if the price falls below the 85,650 support, the next key level is 84,877. Staying above 86,800 would rule out a deep correction.
Does it break 86,800 or go back to 85,650? 🟢/🔴
#Bitcoin #ETF
Not financial advice. Verify before investing.
$BTC It rises slightly after the 'Uptober' announcement, which started green, with Bitcoin ETFs drawing $134 M according to Decrypt (9.5 hours ago).
Current price 86,274 US$, +1.73% in 24h, within the range 84,720‑86,800. EMA20 at 85,140, EMA50 at 84,565, RSI14 at 65.2, bullish signal on 4h.
My take: if it breaks the 86,800 resistance, the next ceiling is 87,298 and the momentum stays upward. A close below 85,650 would invalidate this scenario and open the door to the downside.
On the other hand, if the price falls below the 85,650 support, the next key level is 84,877. Staying above 86,800 would rule out a deep correction.
Does it break 86,800 or go back to 85,650? 🟢/🔴
#Bitcoin #ETF
Not financial advice. Verify before investing.
