đš Bitcoin Falls Below $83,000 Despite $1.1 Billion ETF Inflows! $BTC
Hello everyone, here is today's simple Bitcoin update.
What happened today?
Bitcoin turned red today, Thursday Oct 22. In Asian trading this morning PKT, BTC fell 2.4% to $82,700, even though US spot Bitcoin ETFs have taken in about $1.1 billion since the start of this week. On Oct 19 alone, inflows were $526.7 million, after $909.6 million of outflows in the previous two weeks.
On my live chart at 1:19 PM PKT, $BTC is at $82,089.08, down 1.39% in 24 hours, with a high of $84,898.00 and a low of $82,060.90. Early today at 6:30 AM PKT, CoinGecko had BTC at $84,286.55, up 1.6% â so the morning gain was lost.
Why did it fall?
Reports today link the drop to weaker global mood, mixed tech earnings, higher oil above $110 and Middle East tensions. Big ETF buying is helping demand, but it is not enough yet to hold price above $83,000.
What levels are traders watching?
Resistance is $84,850 to $85,000 â a break and hold above $85,000 would show strength returning. Support is $82,000 to $82,300 first. If that breaks, $80,000 is the crucial level everyone is watching.
Do you think $BTC will hold $82,000 today, or will it test $80,000 before bouncing back?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin #CryptoNews
Hello everyone, here is today's simple Bitcoin update.
What happened today?
Bitcoin turned red today, Thursday Oct 22. In Asian trading this morning PKT, BTC fell 2.4% to $82,700, even though US spot Bitcoin ETFs have taken in about $1.1 billion since the start of this week. On Oct 19 alone, inflows were $526.7 million, after $909.6 million of outflows in the previous two weeks.
On my live chart at 1:19 PM PKT, $BTC is at $82,089.08, down 1.39% in 24 hours, with a high of $84,898.00 and a low of $82,060.90. Early today at 6:30 AM PKT, CoinGecko had BTC at $84,286.55, up 1.6% â so the morning gain was lost.
Why did it fall?
Reports today link the drop to weaker global mood, mixed tech earnings, higher oil above $110 and Middle East tensions. Big ETF buying is helping demand, but it is not enough yet to hold price above $83,000.
What levels are traders watching?
Resistance is $84,850 to $85,000 â a break and hold above $85,000 would show strength returning. Support is $82,000 to $82,300 first. If that breaks, $80,000 is the crucial level everyone is watching.
Do you think $BTC will hold $82,000 today, or will it test $80,000 before bouncing back?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin #CryptoNews