$BTC a $82,150: pressure at 82,838 or a bounce at 80,748?
Decrypt reports that Bitcoin ETFs have lost nearly $1 000 M in two weeks, while the month of Uptober remains in the red.
$BTC is trading at US$82,150 (+0.87% in 24h). The day's range is 80,684‑82,295, and the RSI is at 52.2. $NEAR (+3.1%) and $ZEC (+1.1%) are also moving.
My take: ETF outflows could indicate renewed pessimism, but since this is only a partial outflow and 64% of futures positions are long, the impact is not yet confirmed.
Key support is at 80,748; if it breaks below 79,800, the downtrend is confirmed. To the upside, immediate resistance is at 82,838, and if that level is cleared, the next ceiling would be 83,529. Any close above 82,838 invalidates the bearish scenario.
Will it break 82,838 or return to 80,748? 🟢/🔴
#bitcoinetf #btc #uptober
This is not financial advice. Verify before investing.
Decrypt reports that Bitcoin ETFs have lost nearly $1 000 M in two weeks, while the month of Uptober remains in the red.
$BTC is trading at US$82,150 (+0.87% in 24h). The day's range is 80,684‑82,295, and the RSI is at 52.2. $NEAR (+3.1%) and $ZEC (+1.1%) are also moving.
My take: ETF outflows could indicate renewed pessimism, but since this is only a partial outflow and 64% of futures positions are long, the impact is not yet confirmed.
Key support is at 80,748; if it breaks below 79,800, the downtrend is confirmed. To the upside, immediate resistance is at 82,838, and if that level is cleared, the next ceiling would be 83,529. Any close above 82,838 invalidates the bearish scenario.
Will it break 82,838 or return to 80,748? 🟢/🔴
#bitcoinetf #btc #uptober
This is not financial advice. Verify before investing.