After being stuck at $78,285 for two days, the price finally broke through this morning.
$BTC is trading at $78,488, up 1.21% over 24 hours. The day's low was $77,517, and the high is near the current price—that ceiling it had been stuck under for two days has finally been crossed from below.
The hourly chart backs this up: the latest 1-hour closes have climbed steadily from $77,799 to $78,486. This wasn't just a single spike.
The tricky part is that the breakout happened before the U.S. stock market opened. October's ISM Manufacturing PMI is due tonight, and Apple and Palantir report earnings after the close. It's still unclear whether the breakout is leading the way or just testing the waters ahead of tonight.
The next thing to watch: can $BTC hold above $78,285? If it falls back below, we're still in the same range. This is not investment advice.
$BTC is trading at $78,488, up 1.21% over 24 hours. The day's low was $77,517, and the high is near the current price—that ceiling it had been stuck under for two days has finally been crossed from below.
The hourly chart backs this up: the latest 1-hour closes have climbed steadily from $77,799 to $78,486. This wasn't just a single spike.
The tricky part is that the breakout happened before the U.S. stock market opened. October's ISM Manufacturing PMI is due tonight, and Apple and Palantir report earnings after the close. It's still unclear whether the breakout is leading the way or just testing the waters ahead of tonight.
The next thing to watch: can $BTC hold above $78,285? If it falls back below, we're still in the same range. This is not investment advice.
