Bitcoin needs to close its weekly candle above the May high around $82K. $BTC is currently trading around $83.5K so the structure is holding for now. However, the weekly close is the key level to watch over the coming days.
If BTC loses $82K and closes back below it, the risk of a deeper correction in October increases significantly. For now, $82K remains the level to WATCH.
If BTC loses $82K and closes back below it, the risk of a deeper correction in October increases significantly. For now, $82K remains the level to WATCH.