The scenario we outlined in our October 1 Bitcoin analysis played out
Without a weekly close holding above $85,000, the price fell to the first target, the $81,000 range.
The price is currently around $82,600–$82,700, trying to hold just above that level.
Around $85,300 remains a strong resistance; if the price doesn't move above it and close there, pressure could continue.
The next important support below is the $78,600–$78,000 range. This area aligns with both previous reaction zones and a technical level.
#bitcoin
Without a weekly close holding above $85,000, the price fell to the first target, the $81,000 range.
The price is currently around $82,600–$82,700, trying to hold just above that level.
Around $85,300 remains a strong resistance; if the price doesn't move above it and close there, pressure could continue.
The next important support below is the $78,600–$78,000 range. This area aligns with both previous reaction zones and a technical level.
#bitcoin