Bitcoin is knocking on the top of its range.
Here’s what I’m watching.
BTC is trading around $83.7K, close to the $84K ceiling of the range it has held for about two weeks (levels per one public analyst report, not a guarantee).
Two things stand out:
📈 US spot ETFs saw a large inflow on 19 Oct, then a much smaller one the next day.
📅 The Fed decides on 28 Oct, so volatility can rise before then.
Scenarios, all conditional:
A daily close above $84K would show buyers can clear the ceiling.
A close below $79.8K would break the floor.
Otherwise, the range holds.
Support and resistance are zones, not guarantees. Levels and sources are on the chart.
Do you treat the range edges as signals or as noise?
#BTC #Bitcoin #Crypto #FedWeek #BTC
Educational analysis, not financial advice. Crypto is volatile.
Here’s what I’m watching.
BTC is trading around $83.7K, close to the $84K ceiling of the range it has held for about two weeks (levels per one public analyst report, not a guarantee).
Two things stand out:
📈 US spot ETFs saw a large inflow on 19 Oct, then a much smaller one the next day.
📅 The Fed decides on 28 Oct, so volatility can rise before then.
Scenarios, all conditional:
A daily close above $84K would show buyers can clear the ceiling.
A close below $79.8K would break the floor.
Otherwise, the range holds.
Support and resistance are zones, not guarantees. Levels and sources are on the chart.
Do you treat the range edges as signals or as noise?
#BTC #Bitcoin #Crypto #FedWeek #BTC
Educational analysis, not financial advice. Crypto is volatile.