BTC — Back above 80,000, but how long can it hold?
$BTC is back above 80,000 USDT, and the price chart looks a little less worrying than yesterday.
At 08:41 on 27/10, BTC was around 80,248 USDT, up 0.71% over 24 hours. The BTC/USDT pair on Binance Spot recorded about 1.22 billion USDT in trading volume, with a price range of 79,369–80,845 USDT.
What stands out to me is that the price has moved up from its low, but still hasn’t broken above the 24-hour high. So I see this as a rebound worth watching, not a reversal just yet.
I’d be more optimistic if the next pullbacks don’t bring the price back to the recent lows. On the other hand, reclaiming 80,000 only to quickly lose it again would make the rebound less convincing.
What do you think matters more right now: breaking above 80,845 or holding steady above 80,000?
#BTC #Bitcoin
$BTC is back above 80,000 USDT, and the price chart looks a little less worrying than yesterday.
At 08:41 on 27/10, BTC was around 80,248 USDT, up 0.71% over 24 hours. The BTC/USDT pair on Binance Spot recorded about 1.22 billion USDT in trading volume, with a price range of 79,369–80,845 USDT.
What stands out to me is that the price has moved up from its low, but still hasn’t broken above the 24-hour high. So I see this as a rebound worth watching, not a reversal just yet.
I’d be more optimistic if the next pullbacks don’t bring the price back to the recent lows. On the other hand, reclaiming 80,000 only to quickly lose it again would make the rebound less convincing.
What do you think matters more right now: breaking above 80,845 or holding steady above 80,000?
#BTC #Bitcoin
