$BTC at $81,599: Range or Breakout?
Weekly candle printed -2.49%, with a range of $79,694 to $84,254. Price is holding the lower half of the $80K to $87K range that has defined October.
Two loud camps right now. One expects $160K+ this cycle. The other expects a flush to the 40-50K area. Neither has charted a weekly close yet.
US spot ETFs also saw roughly $681M of net outflows last week, so demand is not accelerating.
Scenario map:
đč Hold above $80K: range continues, chop favors patient accumulation
đč Weekly close below the demand zone: bearish case gains probability
đč Clean break above the recent high: breakout case starts to build
Predictions are opinions. Backtested strategies are evidence.
Verify first. risk later. scale slowly...
#BTC #CryptoStrategy
Weekly candle printed -2.49%, with a range of $79,694 to $84,254. Price is holding the lower half of the $80K to $87K range that has defined October.
Two loud camps right now. One expects $160K+ this cycle. The other expects a flush to the 40-50K area. Neither has charted a weekly close yet.
US spot ETFs also saw roughly $681M of net outflows last week, so demand is not accelerating.
Scenario map:
đč Hold above $80K: range continues, chop favors patient accumulation
đč Weekly close below the demand zone: bearish case gains probability
đč Clean break above the recent high: breakout case starts to build
Predictions are opinions. Backtested strategies are evidence.
Verify first. risk later. scale slowly...
#BTC #CryptoStrategy