$BTC at $80,452: does it break 81,410 or fall to 79,337?
Coinbase says 99% of its customers’ assets are in cold storage after the $6.3 bn breach at Binance, according to The Block (0.5 h ago).
$BTC is at US$80,452, +3.58% in 24 h. The 24 h range is 75,736‑81,196 and volume is around US$1,598 M. $ZEC (+7.3%) and $NEAR (+7.1%) are also moving.
My take: if the funds outflow is confirmed, it could trigger fear and downward pressure on BTC; but the reaction may also be limited if investors trust custodians’ security.
Key support levels are 79,337 and 77,620; a drop below 79,337 would invalidate the bullish scenario and open the way for a correction toward 77,620. On the upside, immediate resistance is at 81,410; breaking it would validate a push toward 84,898.
Does it break 81,410 or test 79,337 again? 🟢/🔴
#BTC #ColdStorage #Binance
This is not financial advice. Do your own research before investing.
Coinbase says 99% of its customers’ assets are in cold storage after the $6.3 bn breach at Binance, according to The Block (0.5 h ago).
$BTC is at US$80,452, +3.58% in 24 h. The 24 h range is 75,736‑81,196 and volume is around US$1,598 M. $ZEC (+7.3%) and $NEAR (+7.1%) are also moving.
My take: if the funds outflow is confirmed, it could trigger fear and downward pressure on BTC; but the reaction may also be limited if investors trust custodians’ security.
Key support levels are 79,337 and 77,620; a drop below 79,337 would invalidate the bullish scenario and open the way for a correction toward 77,620. On the upside, immediate resistance is at 81,410; breaking it would validate a push toward 84,898.
Does it break 81,410 or test 79,337 again? 🟢/🔴
#BTC #ColdStorage #Binance
This is not financial advice. Do your own research before investing.
