๐ BITCOIN FELL TO $79,835 AND REBOUNDED TO $82,200: THE PANIC LASTED 2 HOURS
Septemberโs PPI rose 6.3% year over year, its highest level in more than four years. The figure exceeded all expectations and dragged Bitcoin below $80,000 for the first time in weeks. Low: $79,835.
But buyers showed up quickly. BTC recovered more than $2,000 in a matter of hours and stabilized near $82,200. The rebound coincided with 10-year Treasury yields falling to 5.095% and a weaker dollar.
The interesting part: Santiment reported that the number of wallets holding between 10 and 10,000 BTC reached a record high. Whales are accumulating during the dip.
Key support is at $81,700. If it holds, the recovery continues. If it breaks, attention shifts back to $80,000.
Did the PPI scare you, or did you buy the dip?
Click here to trade ๐๐ป $BTC
Septemberโs PPI rose 6.3% year over year, its highest level in more than four years. The figure exceeded all expectations and dragged Bitcoin below $80,000 for the first time in weeks. Low: $79,835.
But buyers showed up quickly. BTC recovered more than $2,000 in a matter of hours and stabilized near $82,200. The rebound coincided with 10-year Treasury yields falling to 5.095% and a weaker dollar.
The interesting part: Santiment reported that the number of wallets holding between 10 and 10,000 BTC reached a record high. Whales are accumulating during the dip.
Key support is at $81,700. If it holds, the recovery continues. If it breaks, attention shifts back to $80,000.
Did the PPI scare you, or did you buy the dip?
Click here to trade ๐๐ป $BTC