$BTC Bitcoin Update - Oct 15
Bitcoin is trading below key support at $80,300.
Bitcoin was holding $82,000 key support from Oct 11-13, but broke down on Oct 14. The bullish pattern has failed.
My view:
Resistance: $84,000
Key Support Broken: $82,000 - Now Resistance
Current: $80,300 - Below Support
If BTC fails to recapture $82,000, the downside door could open to $79,000. If it recaptures $82,000, target is $84,000.
Are you buying this dip or waiting?
#BTC #Bitcoin #Trading #CryptoAnalysis
Bitcoin is trading below key support at $80,300.
Bitcoin was holding $82,000 key support from Oct 11-13, but broke down on Oct 14. The bullish pattern has failed.
My view:
Resistance: $84,000
Key Support Broken: $82,000 - Now Resistance
Current: $80,300 - Below Support
If BTC fails to recapture $82,000, the downside door could open to $79,000. If it recaptures $82,000, target is $84,000.
Are you buying this dip or waiting?
#BTC #Bitcoin #Trading #CryptoAnalysis