đ Bitcoin sellers may be showing signs of capitulation again.
Previous spikes in loss-taking during early August, mid-August, and mid-September coincided with local market bottoms. Meanwhile, profit-taking has slowed since the September high.
If this pattern repeats, yesterdayâs wave of selling just above $80K could mark a local floor for BTC. đ
đ The key now is whether buyers step in and defend the $80K zone. A sustained recovery would strengthen the case for a local bottom, but confirmation is still needed.
$BTC
#W2E
Previous spikes in loss-taking during early August, mid-August, and mid-September coincided with local market bottoms. Meanwhile, profit-taking has slowed since the September high.
If this pattern repeats, yesterdayâs wave of selling just above $80K could mark a local floor for BTC. đ
đ The key now is whether buyers step in and defend the $80K zone. A sustained recovery would strengthen the case for a local bottom, but confirmation is still needed.
$BTC
#W2E